21st Dec 2006 10:57
First Reserve Corporation21 December 2006 FOR IMMEDIATE RELEASE 21 December 2006 Statement Regarding AMEC plc ("AMEC") On 13 November 2006 Texas Pacific Group and First Reserve Corporation (the"Consortium") announced that they had approached the Board of AMEC with respectto a recommended transaction, subject to due diligence access. The Consortiumnow confirms that, in light of the Board's refusal to provide due diligenceaccess, it will not be making an offer for AMEC at this time. For the purposes of Rule 2.8 of The City Code on Takeovers and Mergers (the"City Code"), the Consortium (and each of the members of the Consortium)reserves the right to make or participate in an offer for AMEC shares in thenext six months (i) with the agreement or recommendation of the Board of AMEC;(ii) if any announcement is made by or on behalf of AMEC or a third partyrelating to the making of an offer or possible offer (whether full or partial)for AMEC; (iii) upon the announcement by or on behalf of AMEC of a 'whitewash'proposal, as defined by the City Code, or of a reverse takeover; or (iv) ifthere is a material change in circumstances. Enquiries: Cubitt Consulting 020 7367 5100 Simon Brocklebank-Fowler 020 7367 5101 Michael Henman 020 7367 5106 - Ends- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMFW.L