UK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 07:17
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0617 GMT [Dow Jones] ING nudges up Travis Perkins (TPK.LN) price target to 965p from 960p following the company's positive 1H
Read moreMARKET TALK: ING Nudges Up Travis Perkins Price Target
5th Jul 2010 07:17
0617 GMT [Dow Jones] ING nudges up Travis Perkins (TPK.LN) price target to 965p from 960p following the company's positive 1H trading update. Says management's confidence in the group's business and cash generation were shown by an indication that dividends would resume this year with an interim div
Read moreTravis Perkins PLC Agrees BSS Group Offer
5th Jul 2010 07:16
LONDON (Dow Jones)--Travis Perkins PLC(TPK.LN), U.K. based builders' merchants and home improvement retailers said Monday it and BSS Group PLC (BTSM.LN), a leading distributor to specialist trades, have agreed on a proposal whereby Travis Perkins will acquire, for cash and shares, the share capital
Read moreTravis Perkins ties up £558m BSS buy
5th Jul 2010 07:08
Wickes owner Travis Perkins has got its name on BSS after the pair agreed a cash and share bid that values each BSS Share at 435.8p and the plumbing supplies firm at approximately £558m in total. The terms are in line with the initial approach from Travis in May. BSS shareholders will receive 232.9
Read moreTravis Perkins Plc Recommended Cash And Shares -7-
5th Jul 2010 07:00
Travis Perkins announced an interim management statement on 2 July 2010. In Travis Perkins' Interim Management Statement in May, it reported a strong rebound in trading following a slow start in the first two months of the year. This trend has continued through the remainder of the first half and T
Read moreTravis Perkins Plc Recommended Cash And Shares -15-
5th Jul 2010 07:00
than in the ordinary course of business or passed any resolution or made any offer (which remains open for acceptance) with respect to or announced any intention to, or to propose to, effect any of the transactions, matters or events referred to in this condition; (H) except as Disclosed, sin
Read moreTravis Perkins Plc Recommended Cash And Shares -20-
5th Jul 2010 07:00
| "FSMA" | Financial Services and Markets Act 2000 (as amended) | +---------------------------+--------------------------------------------------------------+ | | | +--------------------
Read moreTravis Perkins Plc Recommended Cash And Shares -3-
5th Jul 2010 07:00
| Mark Longson | | +-------------------------------------------+--------------------+ | | | +-------------------------------------------+--------------------+ |
Read moreTravis Perkins Plc Recommended Cash And Shares -2-
5th Jul 2010 07:00
| | resolutions to effect the Scheme in respect of 283,648 | | | BSS Shares and 43,215,554 BSS Shares respectively, | | | representing, in aggregate, approximately 35.0 per cent. | | | of the existing issued share capital of BSS | +----+--------------------------
Read moreTravis Perkins Plc Recommended Cash And Shares -11-
5th Jul 2010 07:00
+-------------------------------------------+--------------------+ | Travis Perkins plc | +44 (0)1604 683 | | | 222 | +-------------------------------------------+--------------------+ | Geoff Cooper, Chief Executive
Read moreTravis Perkins Plc Recommended Cash And Shares -10-
5th Jul 2010 07:00
Travis Perkins determines to implement the Acquisition by way of an Offer, the BSS Directors will recommend, on a unanimous and unqualified basis, that BSS Shareholders accept the Offer except to the extent that the BSS Directors have unanimously determined, acting reasonably and in good faith, that
Read moreTravis Perkins Plc Recommended Cash And Shares -8-
5th Jul 2010 07:00
subject of a unanimous and unqualified recommendation by the BSS Board to the BSS Shareholders. Termination Rights The Implementation Agreement terminates in certain circumstances, including: (i) if the Scheme lapses, terminates or is withdrawn unless Travis Perkins has elected to implemen
Read moreTravis Perkins Plc Recommended Cash And Shares -16-
5th Jul 2010 07:00
Commission. Travis Perkins reserves the right to elect (with the consent of the Panel) to implement the Acquisition by way of an Offer as it may determine in its absolute discretion. In such event, such Offer will be implemented on the same terms, so far as applicable, as those which would apply t
Read moreTravis Perkins Plc Recommended Cash And Shares -17-
5th Jul 2010 07:00
| | * | the number of issued BSS Shares on 2 July 2010, the | | | | last Business Day prior to the date of this | | | | announcement, being 124,364,501 BSS Shares; and | +-----+----+------------------------------------------------------+ | | |
Read moreTravis Perkins Plc Recommended Cash And Shares -4-
5th Jul 2010 07:00
first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129. Overseas Jurisdictions The release, publication or distribution of this announcem
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