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ANC trio expected to bid

7th October 1993, Page 6
7th October 1993
Page 6
Page 6, 7th October 1993 — ANC trio expected to bid
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Which of the following most accurately describes the problem?

• Three key directors have resigned from ANC amid speculation that they make up one of at least two groups interested in buying the parcels delivery firm.

Managing director lain Henderson, finance director Tim Sutton and operations director John Rawnsley plan to leave between March and August next year. They are thought to have been competing against a group of franchisees who also want to buy into the Staffordshire-based hub system.

However, the owner of ANC, Bricom insists that the business is not for sale, although it confirms that it has accepted letters of resignation from the three director&