Saint Gobain Comments On BPB As Expected

Saint Gobain's (12500.FR) remarks in response to BPB (BPB.LN) defense document contain nothing new as expected, says analyst.

"It's all a soap opera. Everyone knows (the offer) is going to have to go higher," he says, adding that on the key issue of price, "major shareholders are very supportive" of BPB management. BPB +0.3% at 738p. Saint Gobain -0.4% at EUR48.67.

600450 Saint Gobain Comments On BPB As Expected
Date: 15 September 2005

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