Friday, December 15, 2006
Inchcape makes £263m bid for EMH
Inchcape has agreed to acquire European Motor Holdings in a cash deal that values the company at £262.9m.
The offer of 480p a share from Inchcape represents a premium of 18.5 per cent on the closing price of EMH shares on 4 December - the day before the group said it was in discussions with interested parties.
Inchcape said the acquisition of 52 additional sites would greatly expand its presence in the north of England.
DATED: 15.12.06
FEED: MT
The offer of 480p a share from Inchcape represents a premium of 18.5 per cent on the closing price of EMH shares on 4 December - the day before the group said it was in discussions with interested parties.
Inchcape said the acquisition of 52 additional sites would greatly expand its presence in the north of England.
DATED: 15.12.06
FEED: MT
