Covestro AG : ADNOC may submit fresh preliminary proposal 'in the coming days', offering 'about € 60/share' according to Bloomberg, offering concessions
>Bloomberg reports on ADNOC preparing a 'fresh' preliminary bid for Covestro, offering 'about € 60/share' as soon as 'in the coming days' or later - Bloomberg reported on ADNOC preparing to 'increase' its preliminary takeover offer for Covestro to 'about' € 60/share as soon as 'in the coming days' or may opt to launch the bid in the new year. The article reports on previous indicative offer prices of € 55 and € 57 viewed as too low by Covestro since talks began in mid...Covestro AG is a global supplier of high-tech polymer materials and application solutions developed for these materials. Co. produces precursors for polyurethane foams and the high-performance plastic polycarbonate in addition to raw materials for coatings, adhesives and sealants as well as specialty products, including high-quality films. Other precursors such as chlorine and by-products like styrene are part of Co.'s range of products.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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