BASF stock hits another hurdle as Evonik rejects takeover offer
Published on 11/12/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEvonik Keeps BASF Bid At Bay
- Evonik continues to reject BASF's increased takeover offer after senior executives held preliminary talks over the weekend.
- The proposal values Evonik at 24 euros per share and 11.18 billion euros, up from BASF's earlier 22.15-euro offer.
- No further meeting is currently scheduled, leaving the potential transaction without a formal negotiation roadmap.
Evonik continues to reject BASF's increased takeover offer after senior executives from both companies held preliminary talks over the weekend, according to a Reuters report published by Euronext on Monday, November 9, 2026. No further meeting is currently scheduled, according to a person familiar with the matter.
Evonik Rejects Increased Proposal
The talks involved the chief executives and chief financial officers of BASF and Evonik. They did not lead to formal takeover negotiations or change Evonik's position. Both companies declined to comment on the meeting, according to the Reuters report.
BASF's improved proposal values Evonik at 24 euros per share and 11.18 billion euros. Evonik rejected BASF's initial 22.15-euro-per-share offer in September and opposed the improved approach in October, saying it was not sufficient to begin formal discussions.
Evonik used the weekend meeting to argue that it was better positioned within its own planned corporate structure, according to the report. BASF has said it would honor existing agreements to preserve jobs made by Evonik if an acquisition takes place. BASF Chief Executive Markus Kamieth has described a deal as a strong German response to global competition.
Deal Path Remains Unclear
The latest setback leaves BASF without a clear route toward formal negotiations. For investors, the central issue is whether BASF can demonstrate enough strategic and financial value to change Evonik's position, or whether Evonik's standalone strategy will prevail.
BASF stock traded at 53.93 euros on Lang & Schwarz at 18:48 CET on Monday, November 9, 2026.
BASF stock at a glance
- Company: BASF SE
- ISIN: DE000BASF111
- Ticker: BAS.DE
- Trading venue: Lang & Schwarz
- Price: 53.93 euros at 18:48 CET on November 9, 2026
- Takeover proposal: 24 euros per Evonik share, valuing Evonik at 11.18 billion euros
European chemical stocks remain sensitive to takeover expectations, restructuring plans and industrial demand. Investors can follow broader German market developments through current DAX market news.
Further developments will depend on whether BASF and Evonik resume discussions or whether Evonik continues with its standalone strategy. More news and analyses on BASF stock.
