12th Apr 2007 11:32
Takeover Panel12 April 2007 2007/12 BODYCOTE INTERNATIONAL PLC ("BODYCOTE") SULZER AG ("SULZER") Following recent representations made by the advisers to Bodycote, the PanelExecutive has been considering the application of Rule 2.4(b) of the Code to theapproach by Sulzer to Bodycote. Following discussions with both parties'advisers, the Panel Executive has ruled that Sulzer must, by 5.00pm on 27 April2007, either announce a firm intention to make an offer for Bodycote under Rule2.5 of the Code or announce that it does not intend to make an offer forBodycote. No extension to this deadline will be granted, except with theconsent of the Panel Executive. In the event that Sulzer announces that it doesnot intend to make an offer for Bodycote, Sulzer and any person acting inconcert with it will, except with the consent of the Panel Executive, be boundby the restrictions contained in Rule 2.8 of the Code for six months from thedate of such announcement. Each of the parties has accepted this ruling. 12 April 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Bodycote