Elliott takeover agreed

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The Independent Online
Elliott takeover agreed

B Elliott, the specialist engineering group, has agreed to a takeover offer from a new firm, Capitalmarket, for pounds 43.5m. Capitalmarket has offered 110p for each Elliott share. The shares closed yesterday at 106.5p, up 5p. Capitalmarket was formed recently to make the offers with financing arranged by Deutsche Morgan Grenfell's private equity division.

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