Harworth bidder reaches threshold to acquire remaining shares compulsorily
Peel Pepper, the Peel Holdings subsidiary bidding for Harworth ($HWG), said acceptances had reached at least 90% of the shares covered by its best and final cash offer. It now intends to exercise compulsory-acquisition rights over the remaining shares and expects to send the required notices shortly. The offer itself is already unconditional and will close to acceptances on November 10. The threshold concerns shares subject to the offer, rather than simply 90% of Harworth’s entire issued capital
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