Vesuvius merger proposal rejected by Morgan without discussion
Published: Monday, 01 December 2014
The news that Vesuvius' offer was rejected by rival UK refractories producer Morgan Advanced Materials without discussion suggests that Morgan is content with its business model, but also reveals more about Vesuvius' ambitions to expand to create a world-leading refractories company.
UK refractories and foundry giant Vesuvius Plc today said
that it will not be making another merger offer to Morgan
Advanced Materials after its last offer was rejected without
discussions taking place.
The company confirmed that in the course of the past month
it made a preliminary proposal to the...