BASF SE CEO Markus Kamieth says BASF is “ready to enter into talks” with Evonik Industries AG about their previously announced potential combination but that it will “not pursue a merger at any price.” Kamieth said it owed this “not only to our shareholders but also to our employees.”
H.B. Fuller announced that following a thorough review supported by independent financial and legal advisors, its Board of Directors has unanimously rejected Ancora’s second unsolicited, non-binding proposal to acquire its Building Adhesive Solutions (“BAS”) business for between $1.2 billion and $1.4 billion in cash.
The shareholders of DSM-Firmenich have elected Richard Ridinger as chairman of the board of directors of the Swiss group, which specialises in nutrition, health, and beauty. An independent director since 2023, he succeeds Thomas Leysen, who is stepping down from his position.
Evonik, Toyotsu Chemiplas and Sanyo Chemical will evaluate a recycling model for recovering polyols and amines from post-consumer polyurethane foam and production scrap. Evonik has partnered with Toyotsu Chemiplas and Sanyo Chemical Industries to develop a chemical recycling model for polyurethane foam in Japan.
The planned merger, announced in November 2025, will create a global coatings leader with the scale, strength and reach to accelerate sustainable growth and deliver breakthrough innovation. The envisaged post-closing NYSE and Euronext Amsterdam ticker symbol will be AXZ.
