Friday, 25 October 2024

ADNOC starts acceptance period for Covestro takeover offer | Reuters

ADNOC starts acceptance period for Covestro takeover offer | Reuters

Abu Dhabi's ADNOC said on Friday that the acceptance period for its voluntary public takeover offer for German chemicals maker Covestro (1COV.DE), opens new tab has started, with an end date of Nov. 27.

The company said the offer price was 62 euros ($67.06) per share in cash, representing a premium of about 54% to the unaffected share price of Covestro.

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