Co-Mount Engineering plc RSS feed for the Co-Mount Engineering plc tag
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Business
BusinessDesk 15 Nov 10
Mitchells & Butlers has announced the completion of the £373m disposal of its non-core to Stonegate Pub Company Ltd whilst Cooper Controls has secured the acceptance of more than 92% of the shareholders in Mount Engineering for its £19.23m bid.
Redditch based Halfords Group has appointed Andrew Findlay as its new Group Finance Director…
Business
BusinessDesk 1 Nov 10
Cooper Controls has secured the acceptance of more than 70% of the shareholders in Mount Engineering for its £19.23m bid.
The offer by Cooper Controls has now become unconditional and remaining shareholders have until November 12 to accept.
Mount, which operates Redapt Engineering and Raxton in Walsall, was the subject of a battle between Redhall Engineering and Cooper Controls, a subsidiary of US firm Cooper Industries.
Business
BusinessDesk 8 Oct 10
A multi-million pound bidding war to take control of an engineering group which includes two firms in Walsall has been resolved.
The takeover battle has seen US-based Cooper Controls wrench Mount Engineering away from the Redhall Group after the latter opted not to increase its offer…
Business
James Reed BusinessDesk 1 Oct 10
Cooper Safety has stepped up its interest in Mount Engineering – owner of Darlaston’s Redapt Engineering – with an offer valuing the company at £19.23m.
The offer of 82p per share is 17% higher than the bid made by Wakefield-based engineering support services firm Redhall last week which valued the company at £16.4m.
Business
BusinessDesk 29 Sep 10
A £16m takeover deal involving two Walsall engineering firms could be back in the melting pot after an eleventh hour rival bid for the businesses.
Redapt Engineering, in Darlaston, and Aldridge-based Raxton are both subsidiaries of Mount Engineering subject to a £16.4m takeover deal after the Mount board recommended the 70p per share proposals to shareholders.
However, Leamington Spa-based emergency equipment manufacturer Cooper Safety has now thrown a spanner in the works by announcing it is considering a rival bid…
Business
BusinessDesk 22 Sep 10
Two Walsall engineering firms are set for takeover as part of a £16.4m deal that will see Yorkshire-based support services firm Redhall take on the assets of Mount Engineering.
Redapt Engineering, in Darlaston and Aldridge-based Raxton are both subsidiaries of Mount.
The Mount board have recommended shareholders in the York-based firm accept the offer of 70p per share, a 26% premium on the closing price yesterday…