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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Liberty Gold Corporation | TSX:LGD | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.03 | -9.38% | 0.29 | 0.29 | 0.30 | 0.32 | 0.29 | 0.32 | 382,315 | 21:00:01 |
RNS Number:6675H L. Gardner Group PLC 19 February 2003 L. Gardner Group Plc announces that on 17 February 2003, following discussions with a number of interested parties, it entered into an exclusivity agreement with ABN Amro Capital (ABN) under which ABN has been given the exclusive right until 7 March 2003 to negotiate for the acquisition of a number of the Company's subsidiaries which together comprise the whole of the group's aerospace division. The ABN proposal is to acquire the aerospace division via a newly-incorporated acquisition vehicle and the proposal envisages the participation of the Company's former management, Simon Frost, Steve Hollis and Ian Whybrow should an acceptable proposal be agreed. All of the group's investments in subsidiary companies are charged to its syndicate of bankers as security for the group's borrowings and the proceeds of any disposals will therefore be applied in reduction of those outstanding borrowings. However, the likely terms of any such acquisition would not realise a sum sufficient to repay the whole of the group's indebtedness to its bankers and it is therefore most unlikely that this process would result in any funds being available to ordinary shareholders. This information is provided by RNS The company news service from the London Stock Exchange END AGRILFVDFLITLIV
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