Rumoured ICI bid tops £8bn

ICI suitor Akzo Nobel is today said to have upped its proposed offer for the Dulux paint maker to just over £8bn (€11.8bn) in its latest attempt to secure the group.

Reports suggest that ICI's Dutch rival Akzo Nobel has indicated that it would be willing to pay 670p a share for the British chemicals group after a 650p a share proposal was snubbed last week for being too low.