P524ORACLE 524 Mon27 Jan C4 1714:29
BBA OFFERS £93m
FOR AUTO PRODUCTS
BBA Group have launched a £93.4m bid
for fellow-American components firm
Automative Products.
The terms offer a straight share swap
and with BBA shares up 8p value the AP
stock at 174p a share. An arranged cash
alternative offers 150p a share.
If successful, the combined group would
have a turnover in excess of £500m from
the companies' three market sectors ─
automative parts,aerospace and textiles
City headlines 500
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