News blog
Chieftain Group
- BY: Andrew Hore |
- POSTED: 19/09/2008 |
Chieftain Group has been approached by a potential bidder.
Discussions with the third party are at an early stage but it is offering 209.2p a share, excluding the dividend of 3.3p a share declared earlier in September. That values the company at £18.3m.
The board has already indicated that it would be willing to recommend an offer at this level if it is made.
The shares rose 6.5p to 197.5p.
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