ICI agrees to be bought by Akzo http://news.bbc.co.uk/1/hi/business/6943609.stm
Been underway some time now. Seems like a good thing in the long run perspective, they have been less fortunate with the diversification and divesting for a while now. Hey, on the other hand, Tesco is trying to get their hands on french Carrefour :)
More here (http://www.economist.com/business/displaystory.cfm?story_id=9621902) and a praise to the UK attitude on such takeovers here (http://www.economist.com/opinion/displaystory.cfm?story_id=9366281)