ERF for Rolls. ..or Gardner?
30th September 1977, Page 6
30th September 1977
Page 6
Page 6, 30th September 1977
— ERF for Rolls. ..or Gardner?
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RUMOURS that ERF is to be taken over have led to rises in the company's shares — now Gardner and Rolls-Royce are being tipped as possible bidders.
But this week ERF (Holdings) Ltd issued a statement saying there was no reason for the rise in the share price and there were no bids in the offing.
Shares up
Last week, ERF shares shot up 39p to 150p in contrast to the price of 34p earlier this year.
Another reason for the sudden demand for the shares is the possibility of the company expanding to meet increased demands for its products and the company has admitted that it is considering expansion.