{
  "id": 17201347,
  "title": "Takeover poker: Evonik rejects increased offer from BASF",
  "url": "https://urgent.news/2026/10/30/ubernahmepoker-evonik-lehnt-erhohte-offerte-von-basf-ab",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-30T08:53:16.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/uebernahmepoker-evonik-lehnt-erhoehte-offerte-von-basf-ab/100266102.html"
  },
  "original_language": "de",
  "account": "Evonik has rejected BASF's improved takeover bid, saying its board has decided not to enter talks on a possible acquisition. The company remains focused on its standalone strategy and development. Evonik's board is open to a confidential exchange of information with BASF, potentially leaving the door open for further discussions if BASF makes another offer. BASF's previous offer was reportedly 24 euros per share, valuing Evonik at around 11 billion euros. Evonik already has commitments to job security and site protection that BASF had highlighted in its bid.",
  "summary": "The company is also rejecting the improved BASF offer. According to insiders, Essen wants to remain an independent player in the restructuring of the chemical industry.",
  "key_points": [
    "Evonik rejects BASF's upgraded takeover offer",
    "Board commits to Evonik's independent path",
    "Potential door open for further talks with stronger offer"
  ],
  "editors_take": "Evonik's refusal to entertain BASF's increased bid signals a firm commitment to maintaining corporate independence despite the massive scale and competitive pressure of a potential takeover by a larger rival.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}