Another British Institution bites the dust

[Thulsa Doom]

ICI agrees to be bought by Akzo http://news.bbc.co.uk/1/hi/business/6943609.stm

[delanvital]

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 and a praise to the UK attitude on such takeovers here