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LONDON (Kyodo) Nippon Sheet Glass Co. is expected to finalize late this month a £2.2 billion (450 billion yen) takeover of British glass company Pilkington PLC, the Observer newspaper reported Sunday.

Quoting sources close to the deal, the paper said Japan’s second-largest maker of flat glass has made a fresh cash offer of £1.65 per ordinary Pilkington share.

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