Monday, March 03, 2008
HR Owen the subject of a takeover bid?
HR Owen’s biggest shareholder has hinted that he may launch a takeover bid for the luxury car dealer. Neville Crichton, governing director of the Australia-based firm Balverona, has increased his holding in the company to just over 27 per cent and is considering upping his stake, according to press reports.
Balverona has gradually built up its shareholding in the luxury dealer group, ranked 31 in the Motor Trader Top 200, close to the 30 per cent threshold that would require it to make a public offer.
DATED: 03.03.08
FEED: MT
Balverona has gradually built up its shareholding in the luxury dealer group, ranked 31 in the Motor Trader Top 200, close to the 30 per cent threshold that would require it to make a public offer.
DATED: 03.03.08
FEED: MT
