Essential reading for retailers and suppliers in the home improvement market

Takeover Panel could grant Akzo Nobel more time to pursue ICI

Published: 7 August 2007
It has emerged that the Takeover Panel Executive may extend the date by which Akzo Nobel must announce a firm offer for ICI.
The Dutch paint company could receive an extension to continue working with ICI to thrash out a deal.

Such an extension is possible by Takeover Panel rules, as a company can request for more time if it is still in talks.

Akzo is currently carrying out due diligence on ICI's books after its board accepted an indicative offer of 670p a share (£8bn).

Although Akzo's shareholders may yet the scupper the deal as they appear split on whether the company is paying too much for a rival.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...