EVK Evonik Industries AG

Investing.com -- Evonik Industries AG (ETR:EVKn) has rejected a €10.3 billion ($11.7 billion) takeover proposal from larger German peer BASF SE NA O.N. (ETR:BASFn), according to reporting by the Financial Times, setting the stage for potential friction among shareholders over the valuation of Europe’s embattled chemical sector.

Evonik Industries (XTRA:EVK) is back in focus after reports that BASF SE is exploring a potential acquisition, raising fresh questions about portfolio overlap, pricing power and how a combined supplier might reshape ingredient markets. For context, Evonik Industries has seen strong momentum build ahead of the BASF headlines, with a 90-day share price return of 21.06% and a year-to-date share price gain of 45.53%. The 1-year total shareholder return of 40.25% comes after a slightly negative...

Investing.com -- BASF SE NA O.N. (ETR:BASFn) has submitted a takeover proposal to German rival Evonik Industries AG (ETR:EVKn), according to reporting from the Financial Times, marking an ambitious push by the world’s largest chemicals group to consolidate a struggling European sector. The Ludwigshafen-based chemical giant recently approached both Evonik management and its primary shareholder, the RAG-Stiftung foundation, to present the potential combination.