TITLE

Akzo Nobel CEO rules out large M&A in 2008

PUB. DATE
May 2008
SOURCE
Chemical Business;May2008, Vol. 22 Issue 5, p70
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the announcement by Dutch coatings and chemicals group Akzo Nobel NV that it is not contemplating any large acquisitions in 2008, but added that smaller add-on acquisitions could emerge. Chief executive officer (CEO) Hans Wijers reiterated that the company will concentrate on integrating the recently-acquired Imperial Chemical Industries (ICI). As part of the integration process, he added that the company will merge the chemicals activities of ICI it plans to retain into its own Chemicals division.
ACCESSION #
33882734

 

Related Articles

  • Akzo looking at acquisitions, including ICI. Linville, Jeff // Furniture/Today;7/2/2007, Vol. 31 Issue 42, p42 

    The article reports on the notion that the worldwide wood coatings industry may have a varied lineup in the future, as Akzo Nobel continues seeking to expand its reach. According to the author, in just a few weeks after announcing plans to buy Chemcraft for an undisclosed amount, the company...

  • Akzo Nobel CEO rules out large M&A in 2008.  // Paintindia;Apr2008, Vol. 47 Issue 4, p178 

    The article reports that Akzo Nobel NV does not aim for any large acquisitions in 2008, but there is a possibility for small add-on acquisitions. Chief executive officer (CEO) Hans Wijers said that the Dutch coatings and chemicals group will instead focus on integrating its acquired Imperial...

  • Akzo Nobel buys ICI.  // CanTech International;Sep/Oct2007, Vol. 15 Issue 1, p7 

    The article reports on the decision of Akzo Nobel to buy Great Britain's Imperial Chemical Industries (ICI), known as the maker of Dulux and Glidden paints, for $16.2 billion. The decision of Akzo Nobel, also known as the world's largest maker of paints and coatings, is propelled by the plan to...

  • 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...

  • Akzo Nobel to Acquire ICI.  // Finishing Today;Sep2007, Vol. 83 Issue 9, p10 

    The article reports on the acquisition of Imperial Chemical Industries PLC (ICI) by Akzo Nobel NV in the U.S. It notes that ICI shareholders will receive 670 pence per share in cash. Other than ICI, Nobel is presently negotiating with Henkel for the acquisition of all its assets and liabilities...

  • Taking risks is the lesson to be learned.  // ICIS Chemical Business;11/12/2007, Vol. 272 Issue 18, p7 

    The article focuses on the negotiation for takeover of Imperial Chemical Industries (ICI) PLC between Akzo Nobel NV and ICI shareholders. It discusses its influence on Great Britain's chemical sector. It reports on ICI's business strategy which includes promoting entrepreneurship, risk-taking...

  • MERGERS & ACQUISITIONS.  // Paint & Coatings Industry;Feb2008, Vol. 24 Issue 2, p26 

    The article focuses on merger and acquisition deals in the coatings industry. Akzo Nobel N.V. has purchased Imperial Chemical Industries PLC and its Glidden and Dulux brands. The acquisition of SigmaKalon Group by PPG Industries has been completed. LyondellBasell Industries has been created with...

  • ICI brand name under threat after sale to rival. Jack, Louise // Marketing Week;8/16/2007, Vol. 30 Issue 33, p7 

    The article reports on the uncertainty facing ICI PLC's brand with the sale of its business to Azko Nobel NV in Great Britain. Hans Wijers, Akzo chief executive officer, announces that it will possibly retain the Dulux brand of ICI paints. Meanwhile, Akzo expects that the deal will generate cost...

  • Akzo Nobel Shareholders Approve ICI Acquisition.  // Finishing Today;Dec2007, Vol. 83 Issue 12, p14 

    The article reports on the support of Akzo Nobel NV shareholders for the proposal of the company to acquire Imperial Chemical Industries PLC (ICI). During the general meeting held in Amsterdam, Netherlands, shareholders voted 79% in favor of the transaction. The transaction is expected to close...

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