Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Field agrees to pounds 194m US bid

Thursday 21 January 1999 00:02 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

PACKAGING group Field has agreed a pounds 194m takeover bid from US napkin and paper-towel giant Chesapeake. The 320p a share offer represents a premium of 41 per cent over the closing price of the Buckingham-based group's shares on 8 January, the day before it said it was in talks.

Field's shares fell sharply last year after it issued a second-half profits warning and reported a drop in interim profits, after sales fell at its main customers, Diageo and BAT. The shares closed up 23p at 316.5p.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in