Article: Exel's offer for Tibbett & Britten becomes unconditional.

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 ...

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