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Hanger buys.Eagle

26th April 1968, Page 41
26th April 1968
Page 41
Page 41, 26th April 1968 — Hanger buys.Eagle
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Which of the following most accurately describes the problem?

• Holders of over 99 per cent of the Ordinary shares in the Eagle Engineering Co. Ltd. have accepted the offer for the purchase of the issued share capital by Hanger Invest ments Ltd. The offer, whrch became unconditional on January 1, involves a total cash consideration of about £286,000.

Meanwhile, all the outstanding shares in its subsidiary, Always Welding Ltd., have been acquired by Eagle.

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