Business
Update on the Proposed Acquisition
Update on the Proposed Acquisition.
About this update from Breedon Group Plc
[{"type":"text","content":"\n \nRNS Number : 5264D Breedon Aggregates Ld 30 April 2013 \n \n\n30 April 2013 \n \nBreedon Aggregates Limited \n(\"Breedon\" or the \"Group\")\n \n \n Acquisition of certain Scottish Assets from Aggregate Industries\n \nFurther to the announcement by Breedon on 10th April regarding the acquisition of certain Scottish assets from Aggregate Industries (the \"Transaction\" or the \"Assets\"), the Group has received a request for information from the Office of Fair Trading (OFT).\n \nThe OFT has requested certain interim undertakings from the Group during the course of its review and Breedon envisages entering some undertakings once completion has occurred. The Transaction will complete as planned at close of business today. These undertakings have not yet been agreed but are intended, in particular, to ensure the assets are not impaired by Breedon during the course of the review.\n \nWhilst there is some overlap between the Group's current operations and the Assets, the board believes that there are no material competition issues in respect of the Assets and will work with the OFT to seek a successful outcome.\n \n \n- ends -\n \n \nFor further information:\n \nBreedon Aggregates Limited 01332 694010\nPeter Tom CBE, Executive Chairman\nSimon Vivian, Group Chief Executive\nIan Peters, Group Finance Director\n \nStephen Jacobs, Head of Communications 07831 764592\n \nCenkos Securities  ...