The Urethane Blog

Recticel Statement on Kingspan Offer

Statement regarding Kingspan Group plc

Occasional information, Brussels, 26/04/2019 — 06:50 CET


Recticel NV announces that, after due consideration, in line with its fiduciary duties, of the unsolicited non-binding offer from Kingspan Plc to acquire Recticel’s Insulation and Flexible Foams divisions dated April 16, 2019 (the “FF/I Offer”), its Board of Directors (the “Board”) has unanimously decided to reject the FF/I Offer as it believes that it is not in the interest of its stakeholders to engage with Kingspan in this respect.