Owls inform stock exchange of takeover approach
Published Date:
29 February 2008
WEDNESDAY today officially told the London Stock Exchange that they have had an approach that may lead to a takeover.
The statement says: "The board of Sheffield Wednesday has received an indicative non-binding expression of interest which may or may not lead to an offer being made for some or all of the shares in the company.
"A further announcement will be made when appropriate."
The announcement is a step required of a public limited company when a takeover may be in the offing.
It also confirms officially to the London share market what the Owls have previously said publicly about haviung discussions with interested parties.
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It also confirms that a definite offer has not been received.
A spokeman for the Stock Exchange said: "Companies have to apply the Takeover Panel rules on disclosure; they have to issue information to the market so that shareholders have the information they need."
The full article contains 166 words and appears in n/a newspaper.
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Last Updated:
29 February 2008 11:06 AM
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Source:
n/a
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Location:
SHEFFIELD, SOUTH YORKSHIRE
