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BOC bid accepted

22nd November 1968
Page 41
Page 41, 22nd November 1968 — BOC bid accepted
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Which of the following most accurately describes the problem?

• The offer of 8s to 9s per share by BOC for the 700-vehicle fleet of Bain and Hodge Ltd. was accepted on Wednesday by 73.4 per cent of the shareholders.

Following what he described as a quiet a.g.m. and extraordinary general meeting a spokesman for the company told CM: "The offer was declared unconditional and we will become a BOC subsidiary within a few weeks."

The eight-man board of Bain and Hodge had agreed to recommend acceptance at its October meeting (CM October 18).

The Bain and Hodge accounts for the year ended May 31 show a decrease in turnover of £41,000 over the previous year and a decrease of £18,258 in profit after tax.

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