German chemical giant BASF is considering increasing its €10.3 billion takeover offer for rival Evonik after its initial bid was rejected as too low. The potential acquisition could strengthen BASF against growing Chinese competition. However, concerns over jobs and Evonik’s independence remain. No formal negotiations are underway, and German regional authorities could influence the final outcome.
Source
https://www.reuters.com/business/basf-could-make-higher-offer-evonik-sources-say-2026-10-09