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LafargeHolcim was the last strategic suitor pursuing the construction chemicals business due to BASF's valuation expectations for the division. "LafargeHolcim Declines to Bid for BASF Unit -Bloomberg," at 0625 GMT, incorrectly said LafargeHolcim was the last suitor because of BASF's disappointing outlook in the third paragraph. LafargeHolcim was the last strategic suitor, not the last suitor, and it dropped out because of valuation expectations rather than BASF's disappointing outlook, according to Bloomberg.
(END) Dow Jones Newswires
October 10, 2019 03:45 ET (07:45 GMT)
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