BASF Increases Bid for Chemicals Rival Evonik to Over €11 Billion

BASF SE has boosted its takeover offer for German chemicals group Evonik Industries AG to more than €11 billion ($12.3 billion), people familiar with the matter said.

By Eyk Henning and Marilen Martin · Bloomberg Markets

BASF SE has boosted its takeover offer for German chemicals group Evonik Industries AG to more than €11 billion ($12.3 billion), people familiar with the matter said.