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Market Chatter: Evonik Industries, BASF to Reportedly Meet for Mid-term Plan Discussions

MT Newswires·11/08/2026 00:30:02
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12:30 AM EST, 11/08/2026 (MT Newswires) -- Evonik Industries (EVK.F) is said to meet with BASF (BAS.F) to unveil its mid-term goals following the rejection of the latter's takeover proposal, Bloomberg News reported Nov. 6, citing people familiar with the matter. In the same discussions, the chemicals group's representatives will also reportedly set out their reasons and the potential benefits of a merger with Evonik, the sources added. Evonik and BASF did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)