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After weeks of speculation, chemicals group Covestro is open to a takeover by oil company Abu Dhabi National Oil . The Covestro Board of Management decided to enter into open-ended talks in view of...
'MM': Conti examines concentration on tires and plastics - partial sales possible HANNOVER/HAMBURG - Continental Supervisory Board Chairman Wolfgang Reitzle is examining a concentration of...
(Bloomberg) -- Abu Dhabi National Oil Co. indicated it’s prepared to boost its informal offer for Covestro AG to about €11.6 billion ($12.7 billion) on the condition the German chemicals group agrees to enter formal talks, people with knowledge of the matter said.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billi
Shares in Covestro rose as much as 8.8 percent on Monday.
ROUNDUP: BMW raises earnings outlook - high cash requirements weigh on shares MUNICH - Automaker BMW is raising its forecasts for car sales and operating profit margin in its core business...