Pilkington Shares Move Higher Amid Rumors of Takeover

Date: 17 January 2003

Shares in Pilkington surged in early trading Monday after a report that a smaller Japanese rival was considering a £1billion takeover bid.

Nippon Sheet Glass denied it has made a move for Pilkington, in which it already has a 20 percent stake but the report prompted an 8.7 percent surge in Pilkington shares.They were up 5.25 pence to 65.5 pence in early trading Monday.

Nippon was said to have informally approached a Pilkington director with an offer of more than 80 pence.

Just two months ago, Pilkington reported a sharp fall in half-year profits and warned tough times were likely to continue for the rest of the year. Manchester analysts said a bid for Pilkington at some stage this year could not be ruled out.

600450 Pilkington Shares Move Higher Amid Rumors of Takeover glassonweb.com

See more news about:

Others also read

Glasstech Asia and Fenestration Asia 2023: A resounding success marks the revival of industry connections
Find out and lock-in early bird rates!
Embarking on a journey of innovation and design at GlassTech & Fenestration Asia 2023 within the esteemed BAU Network!
The 2023 edition of Glasstech Asia was a resounding success, hosting over 200 companies and renowned brands in the glass industry.
An exciting day two at GlassTech and Fenestration Asia 2023! Day two was filled with thought provoking panel discussions, insightful speeches on climate change and sustainability.
Day one was a whirlwind of innovation, inspiration, and celebration, leaving us eagerly anticipating what day two has in store.

Add new comment