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ICI Rejects $14.2B Akzo Nobel Bid
 

LONDON (AP) - Imperial Chemical Industries PLC rejected an informal 7.2 billion pound ($14.2 billion) takeover bid by Akzo Nobel NV, the company said Monday.

ICI, which makes Dulux paints, said its board unanimously rejected the approach ''on the grounds that it significantly undervalues ICI.''
Wednesday 27 June, 2007 01:02 PM
 
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