Hargreaves Services (LON:HSP) said it does not plan to pursue a merger with UK Coal (LON:UKC). On March 10, it had confirmed that, as part of its regular consideration of a range of strategic opportunities, it was in the early stages of reviewing a potential merger with UK Coal, but today announced that while recognising that UK Coal has many valuable assets, it does not intend to pursue this.
Hargreaves reserves the rights to announce or participate in an offer or possible offer for UK Coal and/or take other action in the event that there is a material change in circumstances, or the board of directors of UK Coal agrees to the making of such an offer, or a third party announces an offer or a possible offer.
http://www.proactiveinvestors.co.uk/companies/news/17484/hargreaves-services-wont-make-offer-for-uk-coal-17484.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment