08:26 AM EDT, 10/23/2026 (MT Newswires) -- BASF (BAS.F) made a revised takeover bid for fellow German chemicals company Evonik Industries (EVK.F) of 24 euros per share, valuing the latter at over 11 billion euros, Bloomberg News reported Friday, citing sources. The revised offer includes guarantees on jobs and production sites, according to people familiar with the matter. In September, Evonik reportedly rejected BASF's 10.3 billion-euro bid, or 22.15 euros per share. Evonik had no comment, while BASF did not immediately respond to a request 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.)

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