Ludwigshafen, Germany – BASF SE is considering making a bid for DuPont Co., according to published reports.
If BASF makes an offer, it could scuttle the merger between DuPont and Dow Chemical Co. that was announced on 11 December.
Bloomberg first reported news of the BASF offer on 4 March, and London’s Financial Times followed with its own report. Both stories quote unnamed sources familiar with the matter.
Both the Bloomberg and the FT reports say BASF has not yet decided if it will bid for DuPont. But, according to the reports, Ludwigshafen, Germany-based BASF has hired advisers to explore a deal with Wilmington, Delaware-based DuPont.
The FT report said that BASF hired Deutsche Bank and Citigroup to assist with a deal.
BASF, DuPont and Dow have not commented on a BASF proposal, but DuPont and Dow did hint at the possibility in a 1 March prospectus for their proposed merger.