London pre-open: Footsie targets tiny gain
5th Jul 2010 07:37
It's looking like a quiet and nervy start for London as US stocks struck a new low for 2010 in very late trade Friday. Any moves will be locally-led in the absence of Wall Street, closed for Independence Day. Futures prices indicate a 4-point gain in early trade. The Dow Jones closed down 46 on Fri
Read moreTravis Perkins Agrees To Buy BSS Group For GBP557.6 Million
5th Jul 2010 07:28
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Builders' merchant and home improvement retailer Travis Perkins PLC (TPK.LN) Monday said it had agreed to acquire specialist distributor BSS Group PLC (BTSM.LN) for GBP557.6 million, creating the leading plumbing and heating trade
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 moreUK 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 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 -13-
5th Jul 2010 07:00
effects of government regulation on Travis Perkins' or BSS's business. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factor
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 -5-
5th Jul 2010 07:00
| | for each BSS | 232.91 pence in | | | | Share | cash | | +-----------+-------------------+-------------------+----------+ | | | and | | +-----------+-------------------+-------
Read moreTravis Perkins Plc Recommended Cash And Shares -14-
5th Jul 2010 07:00
ownership in respect of shares or loans or securities convertible into shares or any other securities (or the equivalent) in any member of the Wider BSS Group or the Wider Travis Perkins Group or to exercise management control over any such member; (iv) otherwise materially adversely affect the
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 -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 -12-
5th Jul 2010 07:00
the Scheme Document and the Combined Circular and Prospectus. Copies of these documents will, from the date of posting to BSS Shareholders or Travis Perkins Shareholders (as appropriate), be available for inspection at the Document Viewing Facility which is situated at The Financial Services Authori
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 | +----+--------------------------
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