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SIH takeover?

15th June 1973, Page 30
15th June 1973
Page 30
Page 30, 15th June 1973 — SIH takeover?
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Which of the following most accurately describes the problem?

• The share price of Shipping Industrial Holdings rose on Tuesday to 350p as a result of speculation about a possible takeover offer by Furness Withy. The shares closed at 345p, an increase of 24p on the previous day's figure. Shipping Industrial has extensive transport subsidiaries including Cyprien-Fox (Transport), Cyprien-Fox (Newport), Howe Transport, of Enfield, and Alltransport, of London.

Neither SIH nor Furness would comment on the speculation when approached on Wednesday.

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Locations: Newport, London, Alltransport

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