UNCOOKED ALERT: Soprema said to ...

Soprema, a privately-owned water proofing products company, is rumoured to be the mystery bidder weighing a counter bid for Recticel, the listed Belgian insulation company.

People following the situation have heard speculation France-based Soprema may be considering making a counter offer for Recticel, which has already received a hostile takeover approach from Greiner AG, an Austrian plastics manufacturer, at EURO 13.50 a share...