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BASF poised to buy Cognis for $4 billion

BASF, the world’s largest chemicals maker, has sealed a deal to buy Cognis, a German maker of additives, for at least 3.3 billion euros ($4.1 billion), The Wall Street Journal reported, citing people familiar with the matter.

Earlier this month, The Financial Times Deutschland reported that BASF and Cognis’s private equity owners, Permira and Goldman Sachs Capital Partners, had agreed terms on the price and the main conditions of a takeover deal.

[New York Times]