Covestro AG and the Abu Dhabi National Oil Company (ADNOC) are close to striking a $13 billion acquisition agreement, The Wall Street Journal reported on Monday citing sources with knowledge of the matter.
According to the sources, the deal could be announced sometime this week, should there be no unexpected obstacles. The talks have dragged on for over a year now, with the two companies discussing the price and job protections.
Previously, Covestro unveiled that the possible offer could stand at $69 per share.
