Reverup

FRANKFURT: The private-equity owners of chemicals group Cognis have cold-shouldered a takeover offer from Lubrizol even though it was higher than that of favoured bidder BASF, sources familiar with the matter said. Lubrizol, a US maker of specialty plastics and engine-oil additives, has made a bid worth about �3.2 billion (�1 = RM4.04) including assumed debt for Germany's Cognis, said one of the …