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Final offer

20th August 1992, Page 16
20th August 1992
Page 16
Page 16, 20th August 1992 — Final offer
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Which of the following most accurately describes the problem?

• Henlys is telling its shareholders to reject an increased and final bid from Cowies for the car sales-to-Plaxton bus and coach business. Cowies has set a 1 September deadline for the offer, worth £30.5m if all-paper or £29.3m if part cash. The original all-paper offer, which was rejected convincingly, was worth £27.9m initially, but fell as Cowie shares lost in value.

Smoke success

• The Detroit Diesel/Donaldson engine and particulate trap system for urban buses meets the US Environmental Protection Agency (EPA) 1993 emission standards. The system has been tested on 400 New York City Transit Authority buses over the past three years.

Berkhof orders

• AVE Berkhof has won two repeat orders for Dutch-built Excellence coach bodies for 1993 delivery. Lincolnshire operator RW Appleby is taking three 1000 bodies on Scania K113CRB Elite chassis, all for its Halcyon Holidays division. Lucketts Travel of Fareham, Hants is taking two 2000s on Scania K113 chassis and one 36-seat 1000 executive specification body on a 10 metre Dennis Javelin chassis.

Health kick

• Sunderland football stars are backing a Tyne and Wear Passenger Transport Authority campaign to promote public transport as an alternative to cars.

Caldaire change

III The Westcourt Group has renamed Caldaire North East — the holding company for United Auto, Tees and District and TMS — as North East Bus. Westcourt, led by former Caldaire Holdings chairman Ken Hodgson, last month bought the north-east businesses from Caldaire, which continues to trade in West Yorkshire.

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