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Article: Dowding shares hit after talks collapse.(Business)
- Article from:
- The Birmingham Post (England)
- Article date:
- August 31, 2002
CopyrightCOPYRIGHT 2002 Birmingham Post & Mail 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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Byline: Richard Tyler
Shares in Dowding & Mills crashed 28 per cent to 18 1 /4p yesterday as the Birmingham-based group pulled out of talks that could have taken it private at as much as 33p per share.
The group's executives, led by chairman Stuart Moberley and chief executive Martin Habgood, were locked in a board meeting at the company's Camp Hill offices all day yesterday and were unavailable to explain the decision. But in a statement to shareholders, the board said it had terminated ...