9 14 Orkem Orkem NNP 15 19 S.A. S.A. NNP 19 20 , , , 21 22 a a DT 23 29 French french JJ 30 46 state-controlled state-controlled JJ 47 55 chemical chemical NN 56 68 manufacturer manufacturer NN 68 69 , , , 70 72 is be VBZ 73 79 making make VBG 80 81 a a DT 82 90 friendly friendly JJ 91 94 bid bid NN 95 97 of of IN 98 101 470 470 CD 102 107 pence pence NN 108 109 ( ( ( 109 110 $ $ $ 110 114 7.43 7.43 CD 114 115 ) ) ) 116 117 a a DT 118 123 share share NN 124 127 for for IN 128 131 the the DT 132 136 59.2 59.2 CD 136 137 % % NN 138 140 of of IN 141 145 U.K. U.K. NNP 146 155 specialty specialty NN 156 164 chemical chemical NN 165 170 group group NN 171 177 Coates Coates NNP 178 186 Brothers Brothers NNP 187 190 PLC PLC NNP 191 196 which which WDT 197 199 it it PRP 200 204 does do VBZ 204 207 n’t n't RB 208 215 already already RB 216 219 own own VB 219 220 , , , 221 224 the the DT 225 228 two two CD 229 234 sides side NNS 235 239 said say VBD 239 240 . . . 243 246 The the DT 247 252 offer offer NN 252 253 , , , 254 259 which which WDT 260 266 values value VBZ 267 270 the the DT 271 276 whole whole NN 277 279 of of IN 280 286 Coates Coates NNP 287 289 at at IN 290 291 # # # 291 294 301 301 CD 295 302 million million CD 302 303 , , , 304 307 has have VBZ 308 315 already already RB 316 320 been be VBN 321 329 accepted accept VBN 330 332 by by IN 333 339 Coates Coates NNP 340 350 executives executive NNS 351 354 and and CC 355 360 other other JJ 361 373 shareholders shareholder NNS 374 380 owning own VBG 381 385 12.4 12.4 CD 385 386 % % NN 387 389 of of IN 390 393 the the DT 394 401 company company NN 401 402 . . . 403 406 The the DT 407 418 acceptances acceptance NNS 419 423 give give VBP 424 429 Orkem Orkem NNP 430 431 a a DT 432 443 controlling control VBG 444 448 53.2 53.2 CD 448 449 % % NN 450 455 stake stake NN 456 458 in in IN 459 462 the the DT 463 470 company company NN 470 471 . . . 474 479 Orkem Orkem NNP 480 483 and and CC 484 490 Coates Coates NNP 491 495 said say VBD 496 500 last last JJ 501 510 Wednesday Wednesday NNP 511 515 that that IN 516 519 the the DT 520 523 two two CD 524 528 were be VBD 529 540 considering consider VBG 541 542 a a DT 543 549 merger merger NN 549 550 , , , 551 558 through through IN 559 564 Orkem Orkem NNP 564 566 ’s 's POS 567 574 British british JJ 575 585 subsidiary subsidiary NN 585 586 , , , 587 592 Orkem Orkem NNP 593 601 Coatings Coatings NNP 602 606 U.K. U.K. NNP 607 610 Ltd Ltd NNP 610 611 . . . 614 619 Orkem Orkem NNP 619 620 , , , 621 627 France France NNP 627 629 ’s 's POS 630 643 third-largest third-largest JJ 644 652 chemical chemical JJ 653 658 group group NN 658 659 , , , 660 664 said say VBD 665 667 it it PRP 668 673 would would MD 674 678 fund fund VB 679 682 the the DT 683 694 acquisition acquisition NN 695 702 through through IN 703 711 internal internal JJ 712 721 resources resource NNS 721 722 . . . 723 726 The the DT 727 735 takeover takeover NN 736 741 would would MD 742 744 be be VB 745 753 followed follow VBN 754 756 by by IN 757 758 a a DT 759 772 restructuring restructuring NN 773 775 of of IN 776 781 Orkem Orkem NNP 781 783 ’s 's POS 784 788 U.K. U.K. NNP 789 793 unit unit NN 793 794 , , , 795 804 including include VBG 805 808 the the DT 809 817 addition addition NN 818 820 of of IN 821 828 related related JJ 829 834 Orkem Orkem NNP 835 845 businesses business NNS 846 849 and and CC 850 858 possibly possibly RB 859 866 further further JJ 867 879 acquisitions acquisition NNS 879 880 . . . 881 886 Orkem Orkem NNP 887 891 said say VBD 892 894 it it PRP 895 905 eventually eventually RB 906 911 would would MD 912 916 seek seek VB 917 919 to to TO 920 924 make make VB 925 926 a a DT 927 933 public public JJ 934 939 share share NN 940 948 offering offering NN 949 951 in in IN 952 955 its its PRP$ 956 960 U.K. U.K. NNP 961 969 business business NN 969 970 . . .