Slough tightens net on Bilton
SLOUGH ESTATES, the property group, yesterday moved a step closer to winning control of Bilton, after buying a large chunk of its smaller rival's shares in the market.
Slough, pursuing a pounds 276m hostile bid for Bilton, bought around 13.5 per cent of Bilton shares at 307p, below the offer price of 313.5p. Dealers said the holding came from a large institution, believed to be Schroders, Bilton's largest shareholder with 17 per cent.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies