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Lex firms may buy-out

24th May 1986, Page 16
24th May 1986
Page 16
Page 16, 24th May 1986 — Lex firms may buy-out
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Which of the following most accurately describes the problem?

• Management teams Bees Transport and Carpet Express are believed to be preparing buy-outs from thei: present company, Lex Service.

At the end of last year, LE decided to sell its transport businesses, and the propose( sales of Bees and Carpet Ex press, follow the sales to Fe. eral Express of Lex Wilkinsc in January and Lex Systemfir in March.

lithe buy-outs at Bees an Carpet Express are successfully completed, Lex Services will be left with Albany Freight and Transfleet.

At the time of going to press, nobody was available comment at Lex Service or Carpet Express, and a spokc man for Bees Transport said "We have not got anything t. comment about that."