Shares in Pilkington fell 2.7% to 138.5p in afternoon trade in London, Tuesday, 6 Sept, after Deutsche Bank said that recent takeover gossip was overplayed and advised clients to take profits. Deutsche Bank raised its price target for the glassmaker to 130p from 118p, but said that it did not expect a takeover approach to be made by Nippon Sheet Glass, which owns 20% of Pilkington.
Origin
Unknown
Journal Title
Financial Times 7 Sept 2005
Sector
Flat glass
Class
F 1865