BASF (BASFY.PK) is poised to buy Cognis, the specialty chemical firm owned by Goldman Sachs (GS)...

|About: BASF SE ADR (BASFY)|By:, SA News Editor

BASF (BASFY.PK) is poised to buy Cognis, the specialty chemical firm owned by Goldman Sachs (GS) and Permira Advisors, for at least €3.3B ($4.1B), after Cognis reportedly rejected a higher offer from Lubrizol (LZ) over the weekend.