7th Feb 2014 08:23
LONDON (Alliance News) - Penna Consulting PLC Friday said its offer for outstanding Savile Group PLC shares is now compulsory after it received acceptances from Savile Shareholders representing over 90% of the takeover target's shares.
""We are delighted to have passed the important 90% acceptance level. We have made good progress with the integration of the Savile business with the Penna and Savile teams now integrated under four new operating groups - Penna Career Services, Penna Talent Management, Penna Recruitment Solutions and Penna Board Consultants," Penna Chairman Stephen Rowlinson said in a statement.
Penna Consulting shares last traded at 128.5 pence.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Ls -3x Avgo