UK specialty chemicals group Johnson Matthey tabled a £147.1m (€243.3m) cash offer for UK pharmaceuticals and chemicals group Meconic, and almost immediately bought 29.7% of Meconic's shares in the market.

It is understood that about six companies were interested in buying Meconic, including Johnson & Johnson and Tyco International, both of the US. In the end Meconic's board decided to recommend that shareholders accept Johnson Matthey's offer, which was the highest proposal.

Janine Brewis

Tyco International

Johnson Matthey

Close Brothers

Johnson & Johnson

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Johnson Matthey makes offer for Meconic

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