Akzo Nobel completes ICI acquisition
The boards of Akzo Nobel N.V. and Imperial Chemical Industries PLC (ICI) announced that the Scheme of Arrangement has now become effective in accordance with its terms.
Under the terms of the Scheme, ICI shareholders are entitled to receive 670 pence for each ICI Share held at the Scheme Record Time (6:00 p.m. (London time) on 19 December 2007) and, to the extent that they are entitled to receive Loan Notes under the Loan Note Alternative, £1.00 of Loan Notes for each £1.00 of cash consideration to which they would otherwise be entitled under the Scheme. Holders of ICI Shares will also receive a second ordinary interim dividend of 5 pence per ICI Share held at the Scheme Record Time, in relation to the period from 1 July 2007 to 31 December 2007.
Other news from the department business & finance
