TITLE

Akzo Nobel: trapped in the ICI deal?

PUB. DATE
July 2007
SOURCE
ICIS Chemical Business;7/9/2007, Vol. 2 Issue 74, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
26745885

 

Related Articles

  • Akzo to Sell U.K. Paint Assets to Secure ICI Deal. Walsh, Kerri // Chemical Week;11/28/2007, Vol. 169 Issue 39, p17 

    This article reports on the plan of Akzo Nobel to divest its decorative paints business in Great Britain and Ireland to secure European Commission approval for the company's planned acquisition of ICI. The commission says it has extended the deadline of its competition review of the deal from...

  • Boston signs for ICI's West End base.  // Estates Gazette;2/16/2008, Issue 806, p32 

    The article deals with the plan of Boston Consulting Group (BCG) to take over ICI's global HQ in London's West End. ICI, the largest paint maker in Great Britain, announced in November 2007 that it was leaving its office at 20 Manchester Square, W1, following its takeover by Dutch conglomerate...

  • Akzo Nobel to Be Top Supplier of Coatings. Wang, Lily // China Chemical Reporter;9/6/2007, Vol. 18 Issue 25, p5 

    The article reports on the finalization of significant acquisition of ICI. Akzo Nobel will acquire ICI for a consideration of 8 billion pounds. This has been announced jointly by Akzo Nobel NV and Imperial Chemical Industries PLC. In connection with the acquisition of ICI, Akzo Nobel has agreed...

  • Paints & Coatings. Phillips, Kate // Chemical Week;10/3/2007, Vol. 169 Issue 32, p23 

    The article discusses the effect of mergers and acquisitions on the paints and coatings industry worldwide. According to the author, the plan of Akzo Nobel to acquire ICI has created a shakeup in the industry because the acquisition will expand Akzo's reach into high-growth regions and further...

  • Akzo Nobel confident that simple majority will support ICI acquisition deal at EGM.  // Chemical Business;Sep2007, Vol. 21 Issue 9, p83 

    The article reports on the confidence of Dutch chemicals group Akzo Nobel N.V. that it will gain the approval of major shareholders for the planned acquisition of rival ICI. Akzo Nobel has entered into an agreement with its partner Henkel to sell all assets and liabilities that comprise business...

  • R.I.P. Beacham, Will // ICIS Chemical Business;2/18/2008, Vol. 273 Issue 7, p24 

    The article focuses on takeover of Great Britain's ICI by Dutch coatings and specialty chemicals firm Akzo Nobel. ICI was once a leading global commodity chemical company with sizeable specialty and pharmaceutical divisions. ICI shares were trading at a little over £6 when the spin-off...

  • Akzo Covers New Regions with ICI Acquisition. Phillips, Kate // Chemical Week;8/29/2007, Vol. 169 Issue 28, p27 

    The article reports on Akzo Nobel's planned purchase of ICI. According to analysts, key to the purchase of ICI are the strengthening of kits market share in the architectural paint sector and the further expansion of its geographical presence, especially in China. Under an exclusive agreement...

  • Akzo on track to takeover ICI.  // Process Engineering;Nov/Dec2007, Vol. 88 Issue 6, p7 

    The article reports that the acquisition of ICI by Akzo Nobel NV remains on track to go ahead on January 2, 2008 following strong shareholder support for the deal. Shareholders voted 79% in favour of the transaction which will give Akzo an estimated 15% of the world's coatings market. Hans...

  • No space for ICI managers on Akzo's board.  // TCE: The Chemical Engineer;Dec2007/Jan2008, Issue 798/799, p12 

    The article reports on the confirmation by the Dutch chemicals company Akzo Nobel that no members of the current management board members of British chemical company ICI PLC will be joining Akzo's board of directors once Akzo has completed its acquisition of ICI. Only ICI chairman Peter Ellwood...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics