Akzo Nobel brings in Henkel to win a deal for ICI: move marks new effort to jointly buy a rival, then later break it up
Article Abstract:
A takeover offer by Dutch chemical company Akzo Nobel N.V. and its German partner Henkel KGaA has been tentatively accepted by UK firm Imperial Chemical Industries PLC. The deal is valued at $16 bil. Akzo and Henkel are currently performing a due-diligence inspection.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Germany, Henkel KGAA
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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ICI spurns Akzo Nobel buyout offer: move underscores focus on specialty chemicals to drive margin growth
Article Abstract:
A $14.22 bil takeover bid made by Dutch chemical company Akzo Novel N.V. was refused by British firm Imperial Chemical Industries PLC, which said the $11.85-per-share offer undervalued the firm.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Strategy & planning, Planning, Company business planning
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: United Kingdom, Netherlands, Mergers, acquisitions and divestments, Company acquisition/merger, Chemical industry, Imperial Chemical Industries PLC, Akzo Nobel N.V., Pesticides industry, Herbicides, Sulphur industry
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