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Traders thought the bid link had been revived by the likelihood that French glassmaker St Gobain will this week launch a hostile takeover campaign for UK plasterboard manufacturer BPB.
Glassmaker Pilkington yesterday forecast a ten per cent uplift to first half profits despite continued tough trading conditions in most of its major markets.
St Helens-based glassmaker Pilkington has begun takeover talks with Nippon Sheet Glass, in a cash deal which could be worth pounds 2bn.
Glassmaker Romag hails the success of its stock market flotation and moves into niche markets after unveiling an 11pc rise in profits.
Glassmaker Pilkington yesterday confirmed it had formed a joint venture to build and operate a float glass plant near Moscow.
Founded in 1903 by English glassmaker Frederick Carder, and acquired by Corning Incorporated in 1918, Steuben is an American company named after Steuben County, N.
MORE than pounds 90m was added to the value of Pilkington, which has a special glass plant in Denbighshire, yesterday on speculation that the glassmaker was attracting takeover interest.
Leaders of some of the region's most successful companies will also be contributing, including Lyn Miles, of Durham glassmaker Romag; Will Dracup, of Newcastle bioinformatics firm Nonlinear Dynamics; and Brad Holbrook, from Newcastle print management group Dataform.
Glassmaker Pilkington said the deal completed its restructuring drive put in place by former CEO Paolo Scaroni to strengthen its financial position.
Glassmaker Pilkington yesterday reported an "encouraging" start to the year, despite ongoing market difficulties.
Glassmaker Pilkington described its performance as 'robust' yesterday although full-year operating profits fell nine per cent to pounds 217 million.
Analysts said a presentation by the company had failed to convince them that there was anything to drive the stock forward in the short term BPB - the world's biggest plasterboard maker - was second in the Footsie risers, strengthening 26p to 734p, after French glassmaker Saint-Gobain tabled a hostile offer for the group.
Glassmaker Pilkington is to raise pounds 42m from the sale of a business that makes cockpit windows for fighter jets.
Pilkington robust following long-running restructure Glassmaker Pilkington yesterday said it was trading in line with expectations despite difficult market conditions around the world.
In other sectors, plasterboard maker BPB benefited from speculation among investors that French glassmaker Saint-Gobain will return with a higher takeover proposal or another bidder may enter the fray.
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