Atkinson rejects ERF offer
10th July 1970, Page 29
10th July 1970
Page 29
Page 29, 10th July 1970
— Atkinson rejects ERF offer
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• The directors of Atkinson Lorries (Holdings) Ltd have advised their shareholders that they are unanimous in the view that the terms offered by ERF (Holdings) Ltd, for the ordinary and preference shares of Atkinson, are completely inadequate and must be rejected. It is understood that the formal offer documents from ERF are expected in the course of the next few days and Atkinson's
directors are preparing a detailed explanation of' why the offer should be rejected. In the meantime, Atkinson's shareholders have been advised to take no action.
The terms of the proposed offer for Atkinson's ordinary shares are—for every ordinary share of 2s, one ERF ordinary share of 5s.