BASF SE is working with advisers and financing banks on 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 told Bloomberg news.
The German 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, Bloomberg News reported.
BASF, the world’s biggest chemicals company, has been working with advisers since last year to explore a bid for DuPont, said the people. It held talks with the U.S. company before it agreed to merge with Dow and those talks didn’t progress, Bloomberg News reported.
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Source: Bloomberg News
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