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HAY'S WHARF BID
13th May 1977, Page 55
13th May 1977
Page 55
Page 55, 13th May 1977
— HAY'S WHARF BID
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£22.2 million bid for the ay's Wharf company from man Transport and Trading ts now been firmly rejected ( the company and its major tareholder, the Kuwait In?stment Office.
The office holds 34.5 per nt of the Hay's shares, but Ley have been restricted by Le City Panel on Mergers and akeovers from selling the lases or voting, until it had Lade an offer of 256p each for ie remainder of the company tares.
But last week both KI0 and ay's Wharf approached the anel to ask that the restricons be lifted. It was thought ) be the restriction that made cean make the bid condional on it being agreed by the ay's Wharf directors.
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Kuwait In?stment Office