Article: Pensions hole means Dowding & Mills bosses recommend cash takeover.(Business)

Byline: By Nevill Boyd Maunsell Economics Editor

Faced with a pounds 26 million pension deficit that would make it impossible to pay dividends for some years, the directors of Dowding & Mills have recommended a cash bid of 20p a share valuing the industrial maintenance company at pounds 30.8 million.

The bidder is Rydenor Investments, a private company formed for the purpose ...

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