Pilkington rejects £2bn takeover

Glass maker Pilkington rejected a takeover approach today from its biggest shareholder on the grounds that it was too low.

Thu, 03 Nov, 2005 - 08:16

Glass maker Pilkington rejected a takeover approach today from its biggest shareholder on the grounds that it was too low.

Pilkington told Nippon Sheet Glass that the proposed offer of £1.97bn (€2.9bn) “materially short of a price which the board is prepared to accept”.

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CourtsBusinessHeathrowPlace: MerseysidePlace: UKPlace: St HelensPlace: PilkingtonPlace: BirminghamPlace: DoncasterPerson: Nigel RuddPerson: RuddOrganisation: PilkingtonOrganisation: Nippon Sheet GlassOrganisation: NipponOrganisation: NGF EuropeOrganisation: Saint-GobainOrganisation: JewsonOrganisation: BPB
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