Colonial ‘no’
Brierley Investment, Ltd’s, increased offer for Colonial Motor Company, Ltd, shares was still totally inadequate, the directors of Colonial said in a letter to shareholders. In the letter, a copy of which was sent to the Stock Exchange, the directors said BlL’s original offer of 350 c a share was inadequate, and the revised offer was still less than the current market price of 410 c buy and 430 c sell. They said they would not be accepting the revised offer for any of their shares.
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Bibliographic details
Press, 29 August 1986, Page 11
Word Count
88Colonial ‘no’ Press, 29 August 1986, Page 11
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