26th May 2006 16:28
Melrose PLC26 May 2006 Not for release publication or distribution, in whole or in part, in or into theUnited States, Canada, Australia, Ireland or Japan. 24 May 2006 Melrose PLC Melrose announces that it has agreed to dispose of Arger Enterprises Inc and itssubsidiaries ("Arger") for a cash consideration of US $12m to Heico AerospaceHoldings Corp. Arger is a specialised distributor of aeroplane components and engineeringservices to the aerospace aftermarket. Melrose has retained its successfulbattery distribution business called AQS. David Roper, Chief Executive said: "We wish Arger well in its new home. During our ownership Arger has improved itsperformance but we believe the business will be better positioned for asuccessful future in its new ownership. This is the first step in achieving ourstrategy." For further information please contact : Tom Hampson : + 44 20 7153 1522 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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