Pilkington responds to possible takeover offer

Pilkington plc announced 31 October 2005 that a preliminary approach had been made which might lead to an offer being made for the company.
Nippon Sheet Glass Co., Ltd. subsequently confirmed that it…

Pilkington plc announced 31 October 2005 that a preliminary approach had been made which might lead to an offer being made for the company. Nippon Sheet Glass Co., Ltd. subsequently confirmed that it had made the approach. The conditional proposal by NSG is for an offer in cash at GBP 1.50 per ordinary share inclusive of the interim dividend. The Pilkington board has now informed NSG that its proposed offer falls materially short of a price which the board is prepared to recommend.