Pilkington Shares Move Higher Amid Rumors of Takeover

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

Mappi expanding in Asian markets
With great pleasure, in these days Mappi concluded a strategic partnership with EUROTECHCORP the leading company in Viet Nam and South East Asia Countries with more than 20 years of experiences in consulting e supplying top of the range equipment line. 
Check out the exhibitors at ASEAN's largest glass show, Glasstech Asia 2018 & Fenestration Asia 2018!
Malaysia International Trade & Exhibition Centre (MITEC); Kuala Lumpur; 14 - 16 November 2018.
Adelio Lattuada – Eurotechcorp cooperation
New agent for Vietnam, Thailand, Indonesia, Philippine, Malaysia, Lao, Cambodia, Myanmar, Singapore.
ASEAN's largest glass show returns to Malaysia
Glasstech Asia 2018 in conjunction with Fenestration Asia 2018.
Expansion of production capacity | SEKISUI S-Lec
Increased Production Capacity of Interlayer Film for Laminated Glass and Raw Material Resin in Europe.
New application of NEXNOVO glass wall for South Tower in Japan
More and more glass building wall appear in our modern city, especially in busy areas. The more buildings, the more creative designs. Passersby are easily absorbed by those creative buildings. That’s why advertising has higher value in central area.

Add new comment