Covestro board recommends ADNOC takeover offer
07/11/2024 12:28
Nov 7 (Reuters) - German plastics and chemicals maker
Covestro 1COV.DE said on Thursday its management and
supervisory boards support Abu Dhabi National Oil Company's
(ADNOC) $16.3 billion takeover offer.
"The offer made by ADNOC International therefore provides
shareholders with an attractive opportunity to realize
significant value already upon completion of the transaction,"
the company said in a statement.
(Reporting by Bartosz Dabrowski in Gdansk; editing by Matthias
Williams)
((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))