Akzo Nobel: trapped in the ICI deal?

July 2007
ICIS Chemical Business;7/9/2007, Vol. 2 Issue 74, p12
Trade Publication
The article discusses the efforts of Akzo Nobel NV to acquire the paint company ICI based in Great Britain. It is stated that Akzo's management looks trapped and is under pressure not to overpay for ICI. Press reports have suggested that the U.S. hedge funds are already applying the pressure. They want Akzo to explain projected synergies with the ICI businesses more fully. It is stated that Akzo needs ICI's competence in the business.


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