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ERF wins Atkinson

18th September 1970, Page 116
18th September 1970
Page 116
Page 116, 18th September 1970 — ERF wins Atkinson
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Which of the following most accurately describes the problem?

• As Fodens Ltd announced that its offer for Atkinson Lorries had lapsed last Friday, an increased bid from ERF (Holdings) was agreed by the Atkinson board. ERF added a Is a share in cash to its earlier offer of one Ordinary for every two Atkinson shares.

At Atkinson Lorries' agm on Tuesday the chairman, Mr A. W. Allen, who revealed that profits were running ahead of forecast, said that if the takeover went through neither he nor Mr J. D. Gregson, a fellow director, would be prepared to stay on the board.