Sunday, August 5, 2007

ICI tentatively agrees to sweetened Akzo offer--WSJ

(Reuters) - If all goes well, a formal takeover agreement would be
announced by Aug. 9, the deadline set by the UK Takeover Panel,
the paper said.




ICI last week rejected an improved 7.8 billion pound , 650 pence-a-share cash takeover proposal by Akzo and
refused to open its books for due diligence check, saying the
offer undervalued the company. It had also previously rejected
a 600 pence-a-share offer from Akzo in June.


Read more at Reuters.com Mergers News

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