LafargeHolcim was the last strategic suitor pursuing the construction chemicals business due to BASF's valuation expectations for the division. "LafargeHolcim Declines to Bid for BASF Unit -Bloomberg," at 0625 GMT, incorrectly said LafargeHolcim was the last suitor because of BASF's disappointing outlook in the third paragraph. LafargeHolcim was the last strategic suitor, not the last suitor, and it dropped out because of valuation expectations rather than BASF's disappointing outlook, according to Bloomberg.

(END) Dow Jones Newswires

October 10, 2019 03:45 ET (07:45 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
BASF (TG:BAS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas BASF.
BASF (TG:BAS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas BASF.