BPB shareholders demand 800p/shr after rejecting Saint-Gobain approach - report

Date: 25 July 2005

BPB PLC's institutional investors have demanded the group not be sold for less than 800 pence a share, valuing the group at more than 4 bln stg, the Sunday Telegraph reported.

The British plasterboard maker Friday made it clear a 675 pence a share proposed offer from French group Compagnie de Saint-Gobain would be rejected.

NM Rothschild, BPB's advisors, consulted institutional shareholders following the bid and came back with a clear message to hold out for a higher offer, the paper said. They are keen to support the present management.

BPB shares surged 35 pct, or 181 pence to 693.5 Friday, after announcing the bid approach.

600450

Forbes.com

2005-07-25T13:00:00

BPB shareholders demand 800p/shr after rejecting Saint-Gobain approach - report glassonweb.com

See more news about:

Saint-Gobain Glass

WhatsApp LINKEDIN FACEBOOK X PRINT MORE

Others also read

MORE...

Two Osprey 10 Distortion Systems enhance solar glass production at Saint-Gobain India

In the intricate world of glass manufacturing, precision, and quality assurance stand as pillars of success.

Investments in Egypt on a roll | Saint-Gobain

The Ain Sokhna float plant in Egypt will see its capacity increased with the construction of a second flat glass production line.

Saint-Gobain Glass Launches Its New COOL-LITE® SKN 175

Enhanced solar control glass with exceptional performance

Saint-Gobain signs a definitive agreement to acquire CSR Limited

Saint-Gobain solidifies its presence in the Australian market with the signing of a definitive agreement to acquire CSR Limited.

Saint-Gobain in advanced talks to acquire CSR

This acquisition would be fully aligned with Saint-Gobain’s strategy as a worldwide leader in light and sustainable construction and an opportunity to enter the Australian market.