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Sun sets on ICI's era of imperial innovation

When John McAdam assumed the hotseat at ICI in April 2003 the company's shares were worth 104p. Yesterday the publicity-shy chief executive agreed to sell the chemicals and paints company for 670p a share.

To some, the deal was still a sell-out of a once-great British company. Some ruefully wondered whether, if British investors had only seen ICI's value more clearly, it might have been ICI swallowing Akzo Nobel.

Tuesday 14 August, 2007 01:02 PM

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