Thursday, November 08, 2007
HR Owen: continuing interest.
Despite an announcement that takeover talks have been terminated, the company speculated to be HR Owen’s chief suitor has invested even more in the dealer group.
Australian wholesale vehicle company Balverona has acquired 100,000 ordinary shares in HR Owen, number 33 in the Motor Trader Top 200, this week.
This purchase has brought its total holding to 5,209,696 ordinary shares, representing 22.06 per cent of the voting rights of the luxury dealer group.
This development comes after HR Owen said that the unnamed interested party no longer had an interest in “making an offer for the company”.
DATED: 08.11.07
FEED: MT
