We find it very hard to believe that there is much truth in it, but some analysts in London are now looking to Fujitsu Ltd as their favoured buyer of ICL from STC Plc, the value being put on such a deal being UKP800m: while foreign share stakes in ICL seem a strong possibility, outright sale seems highly unlikely and is constantly denied by STC; apart from anything else, unless a predator has a willing buyer lined up, ICL makes STC well-nigh bid-proof, whereas STC stuffed with cash without an immediate home would bring out the hostile bidders like stray dogs around a dustbin.
