P525ORACLE 525 Mon24 Feb C4 1706:08
BESTWOOD £5.17m
BID FOR CGA
Investment company Bestwood is making a
£5.17m bid for the Country Gentlemen's
Association.
Shareholders in the financial services
group are offered a choice of two new
Bestwood ordinaries or one share and
350p in cash for each CGA share held.
Bestwood and its associated unit trusts
already own 2.1% of CGA's shares and it
has won acceptances adding up to 27.1%
of CGA's share capital.
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