According to the Financial Times, citing sources familiar with the matter, Evonik plans to reject BASF's raised purchase offer of 11 billion euros on the grounds that the price was too low. Evonik is likely to make a statement on this in the next few days. Evonik may reserve the possibility of continuing negotiations if BASF further increases the offer. Evonik declined to comment, and reports said BASF could not immediately be reached to respond.

According to the Financial Times, citing sources familiar with the matter, Evonik plans to reject BASF's raised purchase offer of 11 billion euros on the grounds that the price was too low. Evonik is likely to make a statement on this in the next few days. Evonik may reserve the possibility of continuing negotiations if BASF further increases the offer. Evonik declined to comment, and reports said BASF could not immediately be reached to respond.