ICI agrees £8bn takeover from Dutch rival

One of the most famous names in British industry was set to fall into foreign hands today after Dulux paint maker ICI agreed an £8bn (€11.8bn) takeover offer from Dutch rival Akzo Nobel.

ICI agrees £8bn takeover from Dutch rival
Mon, 13 Aug, 2007 - 09:01

One of the most famous names in British industry was set to fall into foreign hands today after Dulux paint maker ICI agreed an £8bn (€11.8bn) takeover offer from Dutch rival Akzo Nobel.

ICI’s recommendation of the 670p a share offer follows a two-month pursuit by Akzo, best known in the UK for its Crown Paints brand.

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