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Article: Exel's offer for Tibbett & Britten becomes unconditional.
- Article from:
- M2 Presswire
- Article date:
- August 4, 2004
CopyrightCOPYRIGHT 2004 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-4 August 2004-EXEL: Exel's offer for Tibbett & Britten becomes unconditional(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:08042004
London, UK - Exel, the global leader in supply chain management, today confirms that all regulatory competition procedures and required shareholder approvals have now been received and its cash offer for Tibbett & Britten is now unconditional. Exel offered 668 pence in cash for each Tibbett & Britten share, valuing the entire issued and to be issued ordinary share capital of Tibbett & Britten at approximately GBP328 million. The cash consideration payable under the offer will be funded from Exel`s own resources and ...