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Evonik shares under pressure amid reported US acquisition plans

Original: evonik industries

Evonik Industries is in the spotlight after a report that the German specialty chemicals group is examining a billion-euro acquisition in the United States, according to Handelsblatt. The news weighed on the company's shares, with investors apparently concerned about the price and timing of a major takeover while the group's profitability remains under strain.

Why now: A reported billion-dollar US acquisition is moving the stock and raising questions about the company's strategy.

Evonik IndustriesHandelsblatt

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