£l7m BID FOR STANDARD
Leyland Motor Offer (N.Z. Press Association—Copyright} LONDON, December 5. The Leyland Motor Company tonight announced it had made a £ 17.5 m take-over offer for the Standard Triumph International Car Group. The Standard directors are recommending their shareholders to accept the terms of the proposed amalgamation. Leyland is a British motor group famous for its buses and commercial vehicles, which are sold all over the world. The deal, if it goes through, will mean a £loom merger of two of Britain’s biggest motor companies. Rumours of a take-over offer being on the way for Standards have been current on the London Stock Exchange recently. Leyland are offering two of their ordinary shares of £1 for every fifteen Standard ordinary shares of ss. Terms for the acquisition of Standards’ 3,110,000 preference shares will be announced later. This is expected to bring the Leyland take-over offer to a value of more than £2om.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19601208.2.208
Bibliographic details
Press, Volume XCIX, Issue 29382, 8 December 1960, Page 23
Word Count
154£l7m BID FOR STANDARD Press, Volume XCIX, Issue 29382, 8 December 1960, Page 23
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in