Pilkington not in bid talks with Nippon Sheet Glass

Shares in Pilkington slipped from session highs on Tuesday as a source close to the glassmaker said it was not in takeover talks with Japan's Nippon Sheet Glass, quashing market rumours of a bid.

"There is really nothing going on," the source said.

The Japanese firm has often been mooted as a possible buyer for Pilkington as it owns a stake in the UK firm.

Pilkington (PILK.L: Quote, Profile, Research) shares were up 3.9 percent at 132 pence by 10:35 a.m., falling from a session high of 134-1/2p.

A spokesman for Pilkington declined to comment.

600450 Pilkington not in bid talks with Nippon Sheet Glass glassonweb.com

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