Diageo gains approval for shares in Sichuan Chengdu

20th Mar 2012 16:00

Diageo, the FTSE 100 beverage firm, has gained regulatory approval to launch a mandatory tender offer for the outstanding shares in Sichuan Chengdu Quanxing Group from Chengdu Yingsheng Investment Holding. The acquisition of an additional 4% stake takes the firm's total current holding to 53%. The change of control of Quanxing requires Diageo to make a mandatory tender offer (MTO) for the remaining 60.3% outstanding shares of ShuiJingFang. The MTO price is set at RMB 21.45, which is the minimum price permitted by Chinese takeover regulations. NR

Top Risers

Share	Price	Change
Pacific Global (PCH)	1.45	16%
Kropz Plc (KRPZ)	1.50	15.38%
Seeen (SEEN)	4.00	14.29%
Advanced Medical Solutions Group (AMS)	260.00	14.04%
Abingdon Healt. (ABDX)	10.25	13.89%

Top Fallers

Share	Price	Change
Feedback (FDBK)	11.25	-21.88%
Caledonian Hold (CHP)	0.0033	-19.51%
Mothercare (MTC)	1.06	-16.86%
Kazera Global (KZG)	1.00	-16.67%
Great Western Mining Corporation PLC (GWMO)	2.95	-11.28%

Top By Volume

Share	Price	Volume
Caledonian Hold (CHP)	0.0033	2,276,684,077
Premier African Minerals (PREM)	0.01875	937,043,889
Quantum Helium (QHE)	0.032	917,585,697
Alien Metals (UFO)	0.16	239,203,940
Active Energy (AEG)	0.1075	199,451,954

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.