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    Evonik rejects $11.7 billion BASF takeover bid, FT reports

    Picture of Evonik Industries AG logoEvonik Industries AG
    28/09/2026 14:34
    Evonik rejects $11.7 billion BASF takeover bid, FT reports
    Sept 28 (Reuters) - Evonik EVKn.DE has rejected a €10.3 billion ($11.7 billion) takeover bid from BASF BASFn.DE for being too low to warrant formal negotiations or to allow its competitor to carry out due diligence, the Financial Times reported on Monday.
    Reuters could not immediately verify the report.
    ($1 = 0.8800 euros)

     (Reporting by Kanjyik Ghosh in Barcelona
    Editing by David Goodman
    )
     ((kanjyik.ghosh@thomsonreuters.com))

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