"Fiberweb, the troubled group that makes fabrics for nappies, soared by 14 to 60p after revealing late on Monday that it had received a 100p-a-share approach from Israel's Avgol Industries. Market sources warned that talks have been going on since November and could well fall apart because of Fiberweb's high levels of debt and the difficulties that Avgol will face securing funding in the current market climate. However, news of the approach has put Fiberweb into play and it could now attract counter-bidders, traders added."
http://www.telegraph.co.uk/money/main.jhtml;?xml=/money/2008/01/23/cnmktrep123.xml
Wednesday, January 23, 2008
FWEB
