NORCROS REJECTS 542.2 MLN STG BID FROM WILLIAMS

  Norcros Plc &lt;NCRO.L> the building
  products and packaging group said its board had no hesitation
  in unanimously rejecting this morning's 542.2 mln stg bid from
  &lt;Williams Holdings Plc>, the industrial holding firm.
      The company said Williams' 432.7p per share offer was
  unsolicited and unwelcome and significantly undervalues
  Norcros. By 1228 gmt Norcros shares were quoted at 418p, up
  from 397p at yesterday's close. Williams was 15p higher at 765.
      The Norcros board's detailed views will be sent to
  shareholders when the formal offer document has been issued by
  Williams.
  

