Brenntag ends takeover talks with U.S. rival Univar

Univar Solutions

02/01/2023 20:44

Jan 2 (Reuters) - German chemicals distributor Brenntag
 BNRGn.DE  said on Monday it is terminating discussions with
Univar Solutions  UNVR.N  for a potential takeover. 
    The termination of the deal follows activist investor
PrimeStone urging Brenntag last month to end talks with its U.S.
rival and instead buy back shares and prepare for a break-up
into two separate companies. 
 (Reporting by Akanksha Khushi in Bengaluru)
 ((Akanksha.Khushi@thomsonreuters.com;))