IN BRIEF: Harworth says acquisition offer from Peel now unconditional
Harworth Group PLC - Rotherham, South Yorkshire-based property regeneration company - Says Peel Pepper (UK) Ltd's revised offer of 187 pence per share has become unconditional as it has received valid acceptances in respect of 52.06% of Harworth's issued share capital. Peel also has agreed to purchase a further 49.2 million shares at 187 pence or less, with settlement expected by October 1, which would take its and its concert parties' holding to 219.5 million shares, or 67.11%. Harworth urges shareholders to accept the offer as soon as possible if they have not already done so. The final offer will remain open for acceptance until further notice, Harworth says, adding that BidCo will give at least 14 days' notice by an announcement before the offer is closed for acceptances. Read More