News blog
Hartest Holdings
- BY: Andrew Hore |
- POSTED: 27/08/2009 |
Hartest Holdings is still in bid discussions with one potential suitor.
Elektron walked away from a possible joint bid for the instruments manufacturer on 26 August 2009. That bid was going to be around 25p a share. Elektron can not make a bid for six months unless the Hartest board agrees the offer. Shares in Hartest are trading at 24p each, valuing the company at £2.07m.
Trading is in line with, or ahead of, expectations and Hartest’s gross margins are improving. Overheads are being controlled and two businesses have relocated successfully.
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