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.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.