French Firm Set to Raise Bpb Bid

Summary


French building materials giant Saint-Gobain is this week expected to raise its offer for plasterboard maker BPB to pounds 3.8bn.

The move will be a final attempt by the French group to secure the backing of BPB's board for its take-over approach.

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Extract


French Firm Set to Raise Bpb Bid

The revised offer would be the equivalent of 760p a share, around 5.5% more than the previous 720p a share...

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