8 July 1999: According to a recent press report, Pilkington of the UK, the world“s largest car glass supplier, is being circled by venture capitalists who are eager to take the company private, in a …
8 July 1999: According to a recent press report, Pilkington of the UK, the world“s largest car glass supplier, is being circled by venture capitalists who are eager to take the company private, in a deal likely to be worth UK 1.3 billion. The report said the most likely buyers could be US buy-out specialists such as Kohlberg Kravis Roberts and Hicks, Muse, Tate & Furst. One analyst was quoted as saying venture capitalists were looking at Pilkington and saw a company with excellent cash flow that the market price did not reflect. “They are just waiting for another dip in the share price which usually happens in July when the building products market is typically weak,” the analyst was quoted as saying.