Business
Unsolicited Offer for GPG Sha
Unsolicited Offer for GPG Sha.
About this update from Coats Group Plc
[{"type":"text","content":"\n RNS Number : 7444Y Guinness Peat Group PLC 30 December 2010 \n \n\nGUINNESS PEAT GROUP PLC\n \n \nANNOUNCEMENT\n \n \nIn accordance with Regulations affecting companies with shares listed on the London Stock Exchange and the Australian Securities Exchange we attach herewith for information only a copy of an Announcement made on the New Zealand Stock Exchange today.\n \n \n \n \nChris Healy\nCompany Secretary\nGuinness Peat Group plc\nTel: +44 20 7484 3370\n \n30 December 2010\n\n \n\n \n \nGUINNESS PEAT GROUP PLC\n \n \nUNSOLICITED OFFER FOR GPG SHARES\n \n \nGuinness Peat Group plc (\"GPG\") refers to the announcement made earlier today whereby it stated it has become aware that an unsolicited offer has been made to GPG shareholders by Pearson Securities LP to purchase GPG shares for NZ$0.49 per share.\n \nFor clarificatory purposes, the offer by Pearson Securities LP has only been made to certain GPG shareholders in New Zealand and is limited to up to 15 million GPG shares which represent 0.82 per cent of GPG's issued share capital.\n \nAs stated in the announcement made earlier today, the offer by Pearson Securities LP has not been endorsed by GPG and appears to be an opportunistic bid to acquire shares cheaply. Shareholders should take time to compare the market price of their GPG shares with the unsolicited offer price they have received before making any decisions to sell their GPG shares.\n \n \n \nChris Healy\nCompany Secretary\nGuinness Peat Group plc\nTel: +44 20 7484 3370\n \n30 December 2010\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEAKAEDFFEFFF\n ","length":2665,"tagName":"div"}]