BASF Reportedly Increases Takeover Offer for Evonik

BASF has reportedly increased its takeover offer for Evonik Industries to approximately 24 euros per share, valuing the company at over 11 billion euros, up from a previous valuation of about 10.3 billion euros. The new proposal includes commitments to job security and the retention of production sites, particularly maintaining Evonik's headquarters in Essen. A spokesperson for BASF has not commented on the reports.