Japanese glass maker 'to buy Pilkington'

Japan’s Nippon Sheet Glass has sealed a $3.8bn (€3.6bn) deal to acquire world-famous British firm Pilkington, which makes glass for cars and buildings, it is reported today.

New York’s Wall Street Journal said Nippon Sheet Glass, which already owns about 20% of Pilkington, planned to use bank loans and would issue some stock to finance the deal. The paper cited unnamed people familiar with the deal as its source.