Covestro AG Sponsored ADR (COVTY)
Covestro (COVTY), Carlisle Tie Up for Sustainable Construction
Covestro (COVTY) operates ISCC PLUS-certified facilities in every major global market, including its manufacturing location in Baytown.
Covestro: Possible Value On The Table For ADNOC
ADNOC is going through a due diligence process that could result in them committing to buying Covestro. There is a deal spread that speculators could make. Performance is pressured by deflation in basic chemicals, but volumes are alright and even end markets that are otherwise weak are experiencing YoY growth. Macro considerations are still relevant however, and outside of construction the markets have not demonstrated resilience and could in principle fall further.
Covestro to negotiate with ADNOC based on 62 eur/shr takeover offer
Covestro said on Monday that it had agreed to negotiate with suitor Abu Dhabi National Oil Co (ADNOC) based on a takeover offer of 62 euros ($66.5) per share, after months of courtship by the Emirates' energy company.
