Takeover Panel raps BET
Saturday 13 April 1996
Related articles
The announcement from BET on Thursday valued Rentokil's revised offer at 209.8p a share, excluding a promised dividend of 4p, and claimed that it represented an increase of just 1.1 percent over the previous night's closing price. The Panel executive said it was "not satisfied that this was a valid comparison to have made because an offer value ex the BET dividend was compared with a BET share price which was cum all future dividends." BET has already forecast a final dividend of 3.7p for last year, which is deemed to be included in its share price.
Had the comparison been made between Rentokil's increased offer and BET's share price prior to the the announcement of the new offer the increase would have been 3.01 per cent, the Panel said. It called on BET not to make further comparisons based on the value of Rentokil's increased offer excluding the BET dividend.
-
Woolwich terror attack: Suspect Michael Adebowale saw friend 'literally sliced to pieces' in 2008
-
Emergency landing at Heathrow sparks further controversy over London airport capacity
-
Unrest may spread across Europe, warns Red Cross chief
-
EDL marches on Newcastle as attacks on Muslims increase tenfold in the wake of Woolwich machete attack which killed Drummer Lee Rigby
-
You want to get an Eton scholarship? All you need to do is answer four (not so simple) questions
- 1 What, let gays get married? We must be bonkers
- 2 Rocky Horror star Tim Curry 'suffers major stroke'
- 3 Exclusive: How MI5 blackmails British Muslims
- 4 EDL marches on Newcastle as attacks on Muslims increase tenfold in the wake of Woolwich machete attack which killed Drummer Lee Rigby
- 5 Farewell, Shameless. Your heirs have work to do
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Making reading fun for kids
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Introducing the 'Get Reading' campaign
Get the latest on The Evening Standard's campaign to get London's children reading.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
Johnny Marr talks relationships and reunions
In pictures: After the flood
Death becomes her: A very modern mortician
School of chop: Learning the art of butchery
The man who's eaten everywhere
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?


Comments