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Water Hall Group / Petards Group

  • BY: Andrew Hore |
  • POSTED: 18/10/2012 |

Water Hall Group will not be bidding for electronic security systems company Petards Group, for the time being at least. 

Water Hall missed the deadline on 18 October to make a firm offer. Any offer in the next six months will require the agreement of the Petards board.

At 2.12p a share, Water Hall is valued at £1.69m. At 31p a share, down 4p, Petards is valued at £1.97m. Water Hall owns 29.99% of Petards and made an indicative offer which was rejected.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2012_37.pdf

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