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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chloride Grp. | LSE:CHLD | London | Ordinary Share | GB0001952075 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 374.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 1635U Chloride Group PLC 12 May 2008 12 May 2008 CHLORIDE GROUP PLC ("Chloride" or the "Company") The Board of Chloride notes the recent press speculation and the rise in the Company's share price and confirms that it received a preliminary approach from a third party regarding a possible cash offer for the Company at 255 pence per Chloride share. The approach was subject to a number of conditions and pre-conditions including due diligence. The Board of Chloride considered the proposal and concluded that it materially undervalued the Company and its prospects. Accordingly, it was not in the interests of Chloride and its shareholders and the Board has rejected it. As indicated in the Company's recent pre-close trading update, Chloride has a robust business model, clear strategy and strong positions in geographies and higher growth market sectors (including IT services, data centres, energy and oil & gas) where secure power is increasingly critical to business continuity. Accordingly, the Board considers the Company to have excellent prospects as an independent group. This announcement has been made without the consent of the aforementioned third party. Enquiries: Hudson Sandler +44 (0)20 7796 4133 Andrew Hayes Kate Hough Dresdner Kleinwort +44 (0)20 7623 8000 Chris Treneman Keith Welch Dresdner Kleinwort Limited, which is authorised and regulated by the Financial Services Authority, is acting for Chloride Group PLC and for no-one else in connection with any potential offer and will not be responsible to anyone other than Chloride Group PLC for providing the protections afforded to customers of Dresdner Kleinwort Limited or for affording advice in relation to any potential offer. This information is provided by RNS The company news service from the London Stock Exchange END RSPFGGMKRZLGRZG
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