Crabtree poised to fall to pounds 9.5m bid
Monday 07 September 1998
LTG may table a bid as early as this week after it secured the agreement of a major shareholder in Crabtree. The German company said Odey Asset Management, which yesterday acquired 14.9 per cent of Crabtree, had agreed to accept LTG's paper in the event of an offer.
The spokesman said there were clear synergies in bringing Crabtree and LTG together. Crabtree designs, makes and installs printing, coating and sheet handling equipment.
Crabtree said on Tuesday that it was in talks that might lead to an offer of at least 46p per share. The shares closed on Friday at a year-low of 42.5p. They reached 81.5p early in the year. Last year the company reported sales of pounds 52.3m and pre-tax profits of 109,000.
LTG has announced its intention to become the first German company to float on London's junior Alternative Investment Market.
- 1 Russell Brand says he will 'probably' give up acting to focus on his revolution
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 David Beckham's Haig Club whisky is exactly what’s wrong with the Highlands
- 4 Queen's first tweet: Reply telling Her Majesty to 'f*** off' broadcast on BBC News
- 5 #AskNigelFarage: Twitter starts hilarious Q&A for Ukip leader
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Tony Blair 'says Ed Miliband will lose 2015 general election'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Putin: The US is to blame for almost all the world's major conflicts
Poppy Appeal 2014: This is why I won't be wearing a red poppy this year
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...