Business
Date for Posting of Offer Doc
Date for Posting of Offer Doc.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n RNS Number : 4362K Babcock International Group PLC 20 April 2010 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nFor immediate release\n20 April 2010\nRecommended Acquisition of VT Group plc by Babcock International Group PLC -\nDate for Posting of Offer Documentation and satisfaction of Condition\n \nOn 23 March 2010, the boards of Babcock International Group PLC (\"Babcock\") and VT Group plc (\"VT\") announced that they had agreed the terms of a recommended acquisition by Babcock of the entire issued and to be issued share capital of VT to be effected by a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Acquisition\").\nFurther to that announcement, Babcock and VT announce that the Panel on Takeovers and Mergers has granted them an extension in respect of the requirement under Rule 30.1 of the City Code on Takeovers and Mergers (the \"Code\") to post the scheme document within 28 days of the announcement made on 23 March 2010.\nAccordingly, Babcock and VT currently expect that the scheme document will be posted to VT shareholders on or around Monday 26 April 2010. In addition, Babcock expects, on the same date as the posting of the scheme document, to make available its prospectus in connection with the Acquisition on its website (other than to persons in certain jurisdictions, as will be specified in the prospectus) and to post its circular (including a notice of general meeting) in connection with the Acquisition to Babcock's shareholders.\nIn addition, Babcock is pleased to announce that early termination of the waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 (and the regulations made thereunder) was granted in respect of the Acquisition on 19 April 2010, and accordingly the related condition to the Acquisition is now satisfied. The Acquisition remains conditional upon the satisfaction or, if permitted, waiver of the remaining conditions to the Acquisition announced by Babcock and VT on 23 March 2010.\n- Ends -\nThis announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase or subscribe for any securities or a solicitation...