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Sunday, June 1, 2025 19:49 GMT

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UAE's ADNOC Starts Acceptance Period for Covestro Takeover Offer


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

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


published:27/10/2024 10:44 GMT

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