April 26, 2019 / 10:51 AM / 3 months ago

Kingspan ends talks over bid for Recticel units -source

DUBLIN, April 26 (Reuters) - Irish insulation firm Kingspan has ended discussions with Recticel over a bid for its Belgian rival’s foam and insulation units and has no plans to re-engage, a source close to the process said on Friday.

Recticel rejected the 700 million euro bid for its two main businesses on Friday but said it was open to a takeover at the right price, after it disclosed that Kingspan had approached it in relation to a possible offer for the entire group.

Kingspan responded earlier on Friday by saying it noted the views expressed in Recticel’s statement and that it had nothing further to add. (Reporting by Padraic Halpin; editing by Jason Neely)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below