BASF stock hits Evonik hurdle as takeover talks stall

Published on 11/11/2026 at 17:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BASF stock faces a fresh obstacle after Evonik rejected the increased offer following weekend talks. No follow-up meeting is scheduled.

Evonik keeps BASF takeover talks stalled

Evonik continues to reject BASF's increased takeover approach after preliminary weekend discussions.
No follow-up meeting or formal negotiation process has been scheduled.
The proposed transaction remains dependent on a new approach or further statements from the companies.

BASF, DE000BASF111, Illustration mit AI erstellt.

BASF stock faces another obstacle in its pursuit of Evonik after senior executives from both companies held preliminary talks over the weekend. Evonik continues to reject the increased takeover approach, and no further meeting has been scheduled, according to a Reuters report carried by Euronext on Monday, November 9.

Evonik rejects the increased offer

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, according to the report, which cited a person familiar with the matter. Both companies declined to comment on the outcome.

BASF's improved proposal values Evonik at 24 euros per share and 11.18 billion euros in total. Evonik had already rejected BASF's initial proposal of 22.15 euros per share in September and opposed the improved approach in October as insufficient to begin formal negotiations.

Strategic case meets execution risk

The stalled dialogue leaves the proposed combination as a strategic option rather than an advancing transaction. BASF Chief Executive Markus Kamieth has described a combination as a strong German response to global competition, while the company has said it would honor existing site agreements and preserve jobs in the event of an acquisition.

BASF stock traded at 53.93 euros on Lang & Schwarz at 18:48 CET on Monday, November 9, 2026, 0.15 percent above the Xetra close of Monday, November 9, according to the licensed market quote. The late-evening indication predates the later Xetra session and therefore reflects the quoted price at that time.