BASF Stock News
€52.84
1.38%
Xetra, Oct 28, 05:35 pm CET.
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BASF Stock News
The chemicals giant booked sales that beat analysts' projections and came in 14% higher compared with the prior-year period.
German chemical maker BASF raised its 2026 outlook for the second time this year on Wednesday, after its third-quarter core earnings topped market expectations.
BASF could make a higher offer for Evonik if there are talks with the specialty chemicals maker, sources close to BASF told Reuters on Friday.
German chemicals maker Evonik has rejected a takeover offer of about €22.15 per share from larger peer BASF as too low, two people familiar with the matter told Reuters on Monday.
Evonik has rejected a €10.3 billion ($11.7 billion) takeover bid from BASF for being too low to warrant formal negotiations or to allow its competitor to carry out due diligence, the Financial Times reported on Monday.
The German company said it entered initial talks over a takeover of smaller peer Evonik, a tie-up that would bolster BASF's dominant position in Europe's chemicals industry.
Germany's BASF has approached rival Evonik and its largest shareholder, the RAG Foundation, with a proposal for a merger, the Financial Times reported on Friday, sending Evonik shares to a three-month high.
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