Discussion
vixpy1 said:
vixpy1 said:
Something on the spread betting markets
you expecting the FTSE to dive or something ?
Well, right now its rocketing..
But your confusing me with someone who knows what they are doing!
It's bid spec Monday here.
Telefonica bidding for o2.
A Chinese fund bidding for a part of Exxon.
Dubai Ports bidding for P&O
Pilkington being bid for by mystery bidder.
k me! vixpy1 said:
Pilkington
Got some of those..
Off to check how much money i've made
Last 150.75 +13%
Oct. 31 (Bloomberg) -- Shares of U.K. glassmaker
Pilkington Plc surged 26 percent for a value of 2 billion
pounds ($3.6 billion) after the company said it had received a
takeover approach. Possible buyers include Cie. de Saint-Gobain
SA of France and Japan's Nippon Sheet Glass Co., analysts said.
The approach, from an unidentified bidder, may or may not
lead to an offer, St. Helens, northwest England-based
Pilkington said in a statement today. It plans to make a
further announcement ``when appropriate.''
``Rumoured parties include Nippon Glass or Saint-Gobain,''
said Rachael Waring, an analyst at Numis Securities in
Liverpool who said she doubted the logic of a bid. ``The group
has seen little top line growth for a number of years, with
profit driven by cost savings. This raises the question to us
as just how much value an interested party could extract.''
Pilkington issued its statement after the stock earlier
gained 13 percent amid speculation that Saint-Gobain might make
an offer if it fails in an attempt to buy BPB Plc. The French
company, which has so far secured just 0.7 percent of BPB stock, said European antitrust laws might make a Pilkington bid ``an
impossible transaction,'' while declining to comment further.
Shares of Pilkington climbed as much as 32.75 pence to
159.5 pence and were trading at 151.75 pence as of 12:04 p.m.
in London for the third-sharpest gain on the Dow Jones Stoxx
600 Index of leading European companies.
The stock has added 38 percent this year. Shares of Saint-
Gobain, based near Paris, were today trading 1.5 percent higher
for a market value of 15.8 billion euros ($19 billion).
Nippon Sheet Glass couldn't immediately be reached for
comment.
>> Edited by shadytree on Monday 31st October 12:44
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