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| Akzo Nobel acquires ICI Dutch chemicals group Akzo Nobel N.V. and British paints and chemicals group Imperial Chemical Industries plc have reached agreement on the terms of a recommended cash offer by Akzo Nobel for the entire issued and to be issued share capital of ICI. Under the terms of the transaction, ICI shareholders will receive 670 pence in cash for every ICI Share. The offer price of 670 pence for each ICI Share values the entire existing issued ordinary share capital of ICI at approximately £8.0 billion. The transaction provides the opportunity to create a global leader in coatings and one of the largest specialty chemicals companies in the world. write your comments about the article :: © 2007 Construction News :: home page |