ICI bidder given more time for offer

ICI bidder Akzo Nobel was today given more time by the UK takeover watchdog to table its formal £8bn (€12bn) offer for the Dulux paint maker.

ICI bidder given more time for offer
Thu, 09 Aug, 2007 - 15:34

ICI bidder Akzo Nobel was today given more time by the UK takeover watchdog to table its formal £8bn (€12bn) offer for the Dulux paint maker.

The Takeover Panel has extended the “put up or shut up” deadline to allow Dutch group, which makes Crown paint, to come up with a firm offer.

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