Heiton offer

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The Independent Online
IRELAND'S Heiton Holdings said it had offered a minimum of pounds 15.7m, with a full earnout potential of pounds 4.1m, for the entire share capital of UK's Coopers Clarke Group.

Heiton had irrevocable undertakings to accept the offer in respect of more than 90 per cent of the shares in issue of the British builders' merchant firm, so could compulsorily buy the rest of the stock, the company said.