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BASF, Evonik management held talks over weekend, sources say

By Reuters News

DUESSELDORF, Nov 9 (Reuters) - The chief executives and chief financial officers of takeover target Evonik EVKn.DE and suitor BASF BASFn.DE held talks over the weekend, two people familiar with the matter told Reuters on Monday.

An Evonik spokesperson declined to comment.

Evonik at the end of October rejected BASF's sweetened takeover offer which valued Evonik at €11.18 billion ($12.48 billion), or €24 per share, but had asked the suitor's management to elaborate on the rationale for its bid.

BASF had originally offered €22.15 per share, which Evonik rejected in September.


($1 = 0.8961 euros)

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