Ici Price Tag Hits Pounds 7.9bn As Buying Buzz Hots Up ; Marketround-Up
Evening Standard - London › April 20, 2007
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Summary
TOP City broker UBS has put a price tag on ICI of 660p a share, which would value the Dulux paint group at Pounds 7.88 billion should one of its rivals choose to bid.
That compares with the price of 535p, down 112p, at which ICI was changing hands today only 1234p shy of the group's record high.See the full content of this document
Extract
Ici Price Tag Hits Pounds 7.9bn As Buying Buzz Hots Up ; Marketround-Up
UBS's comments came as it repeated its neutral rating on the shares but took the opportunity to jack up its price target from 470p to 565p, to ref lect the take-out potential cont...
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