TITLE

TDG sale deadline extended

PUB. DATE
June 2008
SOURCE
Commercial Motor;6/26/2008, Vol. 207 Issue 5286, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the extension of a deadline of sale of TDG PLC on June 27, 2008 given the fact that the company is still talking to Laxey Partners Ltd. about the possible sale. The initial deadline was extended to give Laxey time to finalise the financing for its offer to secure the support of the TDG pension trustees. But, TDG says there is no certainty that an offer will be forthcoming.
ACCESSION #
33320342

 

Related Articles

  • Clock's ticking.  // Commercial Motor;5/29/2008, Vol. 207 Issue 5282, p13 

    The article reports on a deadline offered by TDG PLC to Laxey Partners Ltd., and Wincanton until 5 pm on June 20, 2008 to make a firm offer for the company. Wincanton is stated to have made a cash offer of 281.25p per share while Laxey is stated to have revealed its interest in the deal on...

  • TDG agrees Laxey's offer.  // Motor Transport;7/3/2008, p3 

    The article reports on the acquisition of TDG by Laxey Partners in Great Britain. According to TDG, Laxey intends to make an alternative offer by paying in cash plus the opportunity for shareholders to participate in the equity of the acquisition vehicle to be established by Laxey and be listed...

  • Extra week for Laxey's TDG bid. Brown, Roger // Motor Transport;6/26/2008, p3 

    The article reports on the decision of Laxey Partners to give extra week to table a bid for logistic firm TDG in Great Britain. The offer deadline was moved from June 20, 2008 to June 27, 2008 to give the private equity firm a chance to finalize its financial arrangements. According to TDG, it...

  • Going for the juggler as Laxey makes TDG offer.  // Commercial Motor;3/6/2008, Vol. 207 Issue 5270, p07 

    The article reports that TDG has received a £222 million cash takeover offer from Laxey Partners. Laxey currently owns about 22% of TDG's share capital, but has offered share for the remaining stock. Acording to Mark O'Borniek, research director at Analytiqa, the move is part of the...

  • TDG contenders given deadline.  // Motor Transport;5/29/2008, p3 

    The article reports that two potential bidders for TDG PLC, Laxey Partners Ltd. and Wincanton Corp., have been given until June 20, 2008 to make an offer. A statement from the Takeover Panel says each firm must either announce a firm intention to make an offer for TDG or announce that it does...

  • Wincanton reveals cash offer for TDG.  // Motor Transport;5/15/2008, p1 

    The article focuses on Wincanton's takeover plans of TDG PLC. The company has revealed its intention to make an indicative cash offer for TDG at 281.25p per ordinary share, or 290p when the dividend of 8.75p is included. It follows the indicative cash offer of 275p per share from private equity...

  • TDG board backs Laxey bid. Brown, Roger // Motor Transport;7/10/2008, p6 

    The article reports that TDG PLC board has described the £203m formal takeover bid it has received from Laxey Partners Ltd. as being in the best interests of shareholders. Under the agreed deal, Laxey is offering TDG shareholders two options, either 250p cash per share, or 200p plus 6.625...

  • TDG share price soars after deal.  // Packaging News;Aug2008, p19 

    The article reports on the move of the board of directors at TDG company to agree on the £203 million sale to investment group Laxey Partners in Great Britain. According to the article, the deal has increased the former's share price by up to 9%, after both companies accorded with the payment...

  • Wincanton and Laxey Partners given June deadline to confirm interest in buying TDG logistics business.  // Packaging News;Jun2008, p21 

    The article reports on the deadline given to Wincanton Corp. and Laxey Partners to confirm interest in buying TDG Ltd. in Great Britain. Wincanton has carried out due diligence on its target which operates contract packing services, and has seen attractive opportunities to generate significant...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics