BASF raises Evonik offer to over €11 billion, Bloomberg News reports

By Reuters News

Oct 23 (Reuters) - Germany-based BASF BASFn.DE has increased its takeover offer for chemicals manufacturer Evonik Industries EVKn.DE to more than €11 billion ($12.31 billion), Bloomberg News reported on Friday, citing people familiar with the matter.

BASF's new bid for Evonik is around €24 per share, the report said, adding that the revised offer comes with guarantees on jobs and Evonik's productions sites.

Reuters could not immediately verify the report.

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