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Wall Street Journal: Phillips Carbon Black pulls out of Evonik bidding

  • Writer: Notch
    Notch
  • Mar 1, 2011
  • 1 min read

The Wall Street Journal is reporting that Phillips Carbon Black Ltd. of India has pulled out of the bidding for Evonik Industries AG’s carbon black business, citing a person familiar with the matter. About a six companies had moved to the second round of bidding for the German-based company’s business, which carries a value of about $1 billion.

Bloomberg: Phillips Carbon Quits Race to Buy Evonik Business, WSJ Says

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