IHS Chemical Week

People & Business :: Companies

ICI Rejects Revised Offer from Akzo; Counter Bids May Emerge

1:03 PM MDT | August 8, 2007 | Ian Young

ICI has rejected a revised, preliminary takeover bid from Akzo Nobel that values ICI at £7.8 billion ($15.8 billion). Akzo had not announced by CW’s press time whether it would increase its offer or launch a hostile bid for ICI. Counter bids for ICI could also emerge—including possible offers from BASF, Dow Chemical, or DuPont—reports say. Akzo, meanwhile, has agreed to sell two ICI businesses to Henkel, if Akzo succeeds in buying ICI. McAdam: ‘Cordial and professional’ talks. ICI says that Akzo’s revised proposal of...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa