11th Jan 2008 10:00
Foseco PLC11 January 2008 11 January 2008 Recommended cash offer (the "Offer") by Cookson Group plc ("Cookson") for Foseco plc ("Foseco") Agreement to divest Foseco's Carbon Bonded Ceramics business On 11 October 2007, the Boards of Cookson and Foseco announced their intentionto divest Foseco's Carbon Bonded Ceramics ("CBC") business (representing grossassets of approximately £9 million) in order to expedite anti-trust clearance ofthe Offer. Today Foseco announces that an agreement has been signed to divestthe CBC business to companies owned by RHI AG, conditional upon completion ofthe Acquisition of Foseco by Cookson. The Offer for Foseco by Cookson remains conditional, inter alia, upon thereceipt of all necessary anti-trust clearances. Foseco and Cookson continue towork towards obtaining such clearances by the end of March 2008 with the intentthat the Scheme should become effective on 4 April 2008. If there are any delaysto the anti-trust process that require postponement or adjournment of theMeetings, Foseco will make an appropriate announcement. Capitalised terms used, but not defined, in this announcement have the samemeaning as given to them in the Scheme Document. Enquiries:Gavin Anderson & Company Tel: +44 (0) 20 7554 1400Robert Speed / Deborah Walter Greenhill is acting exclusively for Foseco and for no-one else in connectionwith the Acquisition and will not be responsible to anyone other than Foseco forproviding the protections afforded to clients of Greenhill or for providingadvice in relation to the Acquisition or any other matters referred to in thisannouncement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Vesuvius