(Reuters) – German plastics and chemicals maker Covestro said on Thursday its management and supervisory boards support Abu Dhabi National Oil Company’s (ADNOC) $16.3 billion takeover offer.
“The offer made by ADNOC International therefore provides shareholders with an attractive opportunity to realize significant value already upon completion of the transaction,” the company said in a statement.
(Reporting by Bartosz Dabrowski in Gdansk; editing by Matthias Williams)
