(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
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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