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Lex Wilkinson's offer

1st September 1972
Page 19
Page 19, 1st September 1972 — Lex Wilkinson's offer
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Which of the following most accurately describes the problem?

• The boards of Lex Service Group Ltd and Wilkinson's Transport Group Ltd announce that agreement has been reached on proposals (CM August 11) whereby Lex will make an offer for the whole of the issued ordinary share capital of Wilkinson's (other than the 20'7,243 ordinary shares of Wilkinson's which are already owned by Lex and amount to 17.3 per cent, of the issued share capital). The terms of the offer will be as follows: For every three Wilkinson's ordinary shares of 25p each, four Lex ordinary shares of 25p each, and 610p nominal of 8 per cent. unsecured loan stock 1975 of Lex ("Lex stock").

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