Saturday, August 4, 2007

Akzo may raise ICI offer to $16.3 bln - paper

(Reuters) - Akzo, which said on Monday it had teamed up with German
consumer products group Henkel , could increase its
bid to between 665 and 670 pence per share for ICI or 8 billion
pounds, The Financial Times said. It did not cite any sources.




An Akzo spokesman reiterated that Akzo, the maker of Crown
paints, and ICI were still in talks, but declined further
comment.


Read more at Reuters.com Mergers News

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