Monday, October 23, 2006
EMH attracts bid speculation
European Motor Holdings has notified the London stock exchange of a major interest in its shares.
The group, ranked 10 in the Motor Trader Top 200, said Man Financial had taken a 4.45 per cent stake in the company.
Having posted pre-tax profit of £10.2m this week for the six months to 31 August, EMH said it had appointed investment bank Goldman Sachs to conduct a strategic review of the business – prompting speculation that it would invite takeover bids.
DATED: 23.10.06
FEED: MT
The group, ranked 10 in the Motor Trader Top 200, said Man Financial had taken a 4.45 per cent stake in the company.
Having posted pre-tax profit of £10.2m this week for the six months to 31 August, EMH said it had appointed investment bank Goldman Sachs to conduct a strategic review of the business – prompting speculation that it would invite takeover bids.
DATED: 23.10.06
FEED: MT
