Hydro Fertilizers, a unit of Norsk Hydro, acquired Britag Industries from Imperial Chemical Industries (ICI) for an estimated 10 mil British pounds ($16.3 mil US). ICI had disclosed in February 1991 that it planned to divest of non-core assets as part of its restructuring program. There was also speculation that the divestiture was part of a defensive strategy to increase shareholder value since the May 1991 rumor of a Hanson bid for ICI.

Acquirer: Hydro Fertilizers(Norsk Hydro)
Acquirer Business Discription: Manufacture fertilizers
Acquirer Ultimate Parent: Norsk Hydro ASA
Acquirer SIC Code: 2873 - Nitrogenous fertilizers
Target Name: Britag Industries Ltd(ICI PLC)
Target Business Description: Manufacture fertilizers
Target Ultimate Parent: Akzo Nobel NV
Target SIC Code: 2873 - Nitrogenous fertilizers
Please Note: Transaction Statistics are not included in this report.

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 Thomson Financial Mergers & Acquisitions
Thomson Financial's (TF) Worldwide Mergers and Acquisitions database covers public and private transactions involving at least a 5% ownership of a company. Transactions include m&a;, stock swaps, LBO's, spinoffs, rumored and seeking buyer deals, and more. U.S. deals date as far back as 1979, and international deals to 1985.