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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Base Grp. | LSE:BS. | London | Ordinary Share | GB0000566389 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.04 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 201w BRITISH STEEL PLC 7 July 1999 Not for release or distribution in or into the United States, Canada or Norway. The proposed public offer for (depositary receipts for) ordinary shares of Hoogovens will not be made in or into the United States, Canada or Norway. British Steel plc Interim press release regarding the proposed merger of British Steel and Hoogovens With reference to the press release of 7 June 1999, the boards of British Steel plc ("British Steel") and Koninklijke Hoogovens N.V. ("Hoogovens") announce that a decision about making a public offer for all the outstanding (depositary receipts for) ordinary shares of Hoogovens, as part of the proposed merger of the two companies announced in that press release, is expected in the first half of August 1999. If a public offer is made at that time, it is expected that, in view of the timetable for the scheme of arrangement through which the proposed merger would be implemented with respect to British Steel, the merger, including the public offer, would be completed during the first half of October 1999. The final decision with respect to making an offer, as well as the exact date thereof, depends among other things on the consultations with the labour organisations and the works council involved. Enquiries: British Steel 0171 314 5501 John Bowden This announcement is not an extension of the proposed public offer, directly or indirectly, in or into the United States. The proposed public offer will not be made, directly or indirectly, in or into the United States, and it will not be permitted to be accepted in or from the United States. Accordingly, no public offer will be made for Hoogovens's American Depositary Receipts. This press release has been issued by British Steel and Hoogovens. It has been approved by Credit Suisse First Boston (Europe) Limited ("Credit Suisse First Boston") and Warburg Dillon Read, a division of UBS AG, ("Warburg Dillon Read") for the purposes of section 57 of the Financial Services Act 1986. Credit Suisse First Boston, which is regulated in the United Kingdom by The Securities and Futures Authority Limited, is acting for British Steel and no-one else in connection with the proposed merger and will not be responsible to anyone other than British Steel for providing the protections afforded to customers of Credit Suisse First Boston, nor for providing advice in relation to the proposed merger. Warburg Dillon Read, which is regulated in the United Kingdom by The Securities and Futures Authority Limited, is acting for Hoogovens and no-one else in connection with the proposed merger and will not be responsible to anyone other than Hoogovens for providing the protections afforded to customers of Warburg Dillon Read, nor for providing advice in relation to the proposed merger. END MSCALLLTDEIRIAA
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