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Europe Daily Bulletin No. 7647

3 February 2000
Contents Publication in full By article 29 / 55
ECONOMIC INTERPENETRATION / (eu) glass

The French firm SAINT-GOBAIN has made a friendly £1.04 bn bid for the British building materials group MEYER INTERNATIONAL (expected turnover in 2000 of 2.8 bn euro), a 515 pence a share. MEYER's board unanimously recommended that its shareholders accept the proposal. Before launching its bid, SAINT-GOBAIN has bought 29.9% of the British group's capital on the stock exchange. SAINT-GOBAIN's "building-distribution" branch had a turnover of 4.1 bn euro in 1999.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION