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Ciba Specialty Chemicals of Switzerland is to acquire Allied Colloids in a £1.42bn deal, having outbid Hercules of the US. 22-Jan-1998 The government has decided not to intervene in the hostile takeover bid by Hercules of the US for Allied Colloids, and the UK chemicals company has issued its final defence document pointing to strong profits forecasts and planned capacity increases. 17-Jan-1998 Allied Colloids has rejected a £1.1bn hostile takeover bid from Hercules of the US, prompting speculation of a bidding war for the speciality chemicals company. 25-Nov-1997 Allied Colloids, the speciality chemicals company, has received an approach that could have lead to an offer being made, but the potential bidder has failed to make a formal proposal. 22-Nov-1997 Allied Colloids has sold its superabsorbents business to AMCOL International for £2m, although its superabsorbents joint venture with Courtaulds will be unaffected. 21-Nov-1997 Allied Colloids is to invest £45m in its US business, with the construction of a cationic monomer plant in Arkansas and a flocculant plant in Virginia. 06-Nov-1997 Allied Colloids has acquired Imdex Chemicals, the Australian polymers concern, for £6.7m. 02-May-1997 Allied Colloids has acquired CPS, the US producer of water-soluble polymers, for £230m. 20-Nov-1996
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