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Bank of England Sees Faster-Than-Predicted 2006 Growth, Steady Inflation
Avis Europe Plans to Cut Jobs; Full-Year Earnings Beat Analysts' Estimates
Hanson, Saint-Gobain Hurt by U.S.
Asbestos Upset, Dresdner Analysts Say
Hanson, Saint-Gobain Hurt by U.S.
Asbestos Upset, Dresdner Says Feb.
15 (Bloomberg) - Hanson Plc, the world's biggest
supplier of sand and gravel for building, may be a less
attractive takeover prospect after the U.S.
Senate blocked a
proposed $140 billion fund for asbestos victims, said Dresdner
Kleinwort Wasserstein.
Cie.
de Saint-Gobain SA may also suffer.
The fund was blocked yesterday amid concern that the
company-financed plan would cost taxpayers billions of
dollars.
The measure was intended to end asbestos lawsuits
that have forced almost 80 businesses into bankruptcy, among
them USG Corp., the world's largest wallboard maker.
``We remain unconvinced that an acquirer would be interested
in buying/merging with Hanson, unless the asbestos liabilities
were capped in law,'' London-based Dresdner analyst Darren Shaw
wrote in a not...
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