LONDON (Sept. 30, 2008) — The merger of Amtel-Vredestein N.V. and Sibur Russian Tyres has collapsed after terms of the deal weren't met by a deadline of the end of September.
Amtel-Vredestein told the London Stock Exchange certain contractual points remaining unfulfilled beyond the deadline. The company said it is "actively considering a number of options and it is expected that a further announcement will be made in due course."
Officials of Sibur Russian Tyres were unavailable for comment