The UK“s Pilkington PLC will meet Nippon Sheet Glass within the next few days for talks that are expected to lead to an agreed bid in excess of GBP 2 billion for the company, it was reported in the S…
The UK“s Pilkington PLC will meet Nippon Sheet Glass within the next few days for talks that are expected to lead to an agreed bid in excess of GBP 2 billion for the company, it was reported in the Sunday Telegraph. The Pilkington board, led by Sir Nigel Rudd, rejected in the week commencing 31 October 2005 a prospective offer of GBP 1.5 per share from Nippon Sheet Glass, which valued Pilkington at GBP 1.98 billion. However, before the approach was made public, Pilkington was valued by the market at just GBP 1.6 billion and Rudd is understood to be ready to recommend an offer of not less than GBP 1.65 per share, the newspaper said. That would value Pilkington at GBP 2.155 billion, the newspaper said.