Developments in the HPM Sector in H1-2005
What next?
> On 22 July, Saint Gobain made an approach to BPB to buy
the company for 675p a share in cash
> Our proposal was fully financed and subject to very limited
due diligence. It was rejected by BPB. While we were
surprised by their response and disappointed that the
management of BPB did not wish to enter into discussions
with us, our objective remains to agree a recommended
deal with BPB
> We have noted BPB's trading statement and are currently
assessing the situation and continue to evaluate our
options in respect of BPB
> We will only do a deal at a price we believe adds value to
our shareholders
> We have identified other sizeable growth opportunities that
are consistent with our new acquisition strategy
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SAINT-GOBAINView entire presentation