German chemicals giant BASF may raise its bid for rival Evonik if the companies enter into negotiations over an acquisition. Reuters reports this, citing two people with knowledge of BASF.
Evonik is said to have previously rejected a bid of EUR 10.3 billion, equivalent to EUR 22.15 per share, as too low. BASF is also considering commitments to Evonik’s employees.
Evonik reiterates that no negotiations are underway.
