(Reuters) - On June 18, ICI said it had rejected a 7.2 billion pound
, or 600-pence-a-share, cash takeover approach
from Akzo, saying it undervalued the company.
Source familiar with the matter have told Reuters that Akzo
Nobel, the world's largest maker of industrial coatings, is
considering a higher bid for ICI but is prepared to delay a move
as the disclosure of its 600p offer for ICI may flush out a
rival bid.
Read more at Reuters.com Mergers News
, or 600-pence-a-share, cash takeover approach
from Akzo, saying it undervalued the company.
Source familiar with the matter have told Reuters that Akzo
Nobel, the world's largest maker of industrial coatings, is
considering a higher bid for ICI but is prepared to delay a move
as the disclosure of its 600p offer for ICI may flush out a
rival bid.
Read more at Reuters.com Mergers News
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