Deals
BASF Evaluating Rival Takeover Bid for DuPont
- German chemicals company said undecided whether to proceed
- BASF said to have spoken to DuPont last year before Dow merger
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BASF SE is working with advisers and financing banks to examine the merits of making a counter bid for DuPont Co., the $55 billion chemical company that agreed to a merger with Dow Chemical Co. in December, people with knowledge of the matter said.
The Ludwigshafen, Germany-based chemical producer hasn’t made a decision yet about proceeding with an offer, said the people, who asked not to be identified because the information is private. No formal approach has been made to DuPont, the people said.