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Top global chemical maker BASF (BASFY.PK +1.9%) is reportedly readying a bid for Cognis - a...

Top global chemical maker BASF (BASFY.PK +1.9%) is reportedly readying a bid for Cognis - a privately held chemical firm owned by Goldman Sachs (GS) and Permira Advisors - that values Cognis around €3B ($4B). The move, BASF's biggest since its $5B takeover of Ciba Holding, would add more natural materials and cut BASF's reliance on Middle East oil and gas.
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