Covestro AG : Even more smoke … BB article speculates on raised ADNOC 'proposal' of € 57/share per Covestro share – we raise TP to € 60 (€ 48)
>Bloomberg article on ADNOC raising 'proposal' to € 57/share (€ 55/share informal bid) - Bloomberg published another article, saying that ADNOC has increased its takeover offer to about € 11bn or € 57/share as it "seeks to convince the German chemical producer to enter talks", citing people familiar with the matter. This compares to a € 55/share informal bid speculated about before and a € 50.3/share XETRA closing.ADNOC still needs to convince Covestro ma...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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