P524ORACLE 524 Mon 2 Dec C4 1702:14
WEIR BID FOR
REST OF YARROW
Pumps specialist Weir Group is bidding
to take control of the 7e.8% of the
specialist eng neering groupwYar ow
which it does not already own.
The terms offer seven new Weir hares
plus 320p in cash for every two Yarrow
ordinaries with a loan note alternative
to the cash part of the offer.
The loan note option is designed to
allow shtr holders to benefit nrom ny
extra nationalisation compensati n
Yarrow might win in a coming court case
The Yarrow boarb has issueb a holbing
statement urging shareholders to "take
no action! ahead of a meeting this week
City Headlines 500 Newsfile 520