** Morgan Advanced Materials Plc's shares rise as
much as 5.5 pct, after the firm rejects an all-share takeover
proposal from sector peer Vesuvius Plc.
- Morgan Advanced Materials Plc rejected an all-share takeover proposal from Vesuvius Plc that it said would have exposed its shareholders to lower margin businesses in the iron and steel sector.
* Morgan Advanced says nil-premium proposal undervalues co
Dec 1 - Vesuvius Plc said it had decided
not to make an offer for Morgan Advanced Materials Plc
after the latter's board rejected an initial proposal by
Vesuvius without any discussions.
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