Nippon Sheet Glass
(NSG) has agreed to acquire glassmaker
Pilkingtonfor £1.8 billion. St Helens-based Pilkington will become a wholly-owned subsidiary of NSG.
NSG’s offer is for 165 pence in cash per share, an increase from its previously rejected offer of 158 pence. NSG already owns 20% of Pilkington.
The Japanese company said the combined companies would become a global leader in the flat glass industry with the largest market share in the world.
NSG said it aims to complete the acquisition in late June.
Red Bull makes hydrogen fuel cell play with AVL
Formula 1 is an anachronistic anomaly where its only cutting edge is in engine development. The rules prohibit any real innovation and there would be...