Deals
Brenntag Rises After Ending Takeover Talks With Univar
- Bloomberg reported on early-stage talks in late November
- The possible combination may have triggered antitrust concerns
Univar Solutions chemical company logo on a smartphone screen.
Photographer: Pavlo Gonchar/LightRocket/Getty Image
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Brenntag SE shares rose as much as 5.8% after the company said it’s no longer proceeding with discussions to potentially acquire US rival Univar Solutions Inc.
Following a Bloomberg report in late November, Brenntag acknowledged that it was in preliminary discussions for the acquisition to cement its place as the world’s biggest chemical distributor with more than $30 billion in sales.