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Evonik rejects BASF offer as too low, sources say

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.

Reuters • Sep 28, 2026
Evonik rejects $11.7 billion BASF takeover bid, FT reports

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.

Reuters • Sep 28, 2026

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