Business
Sale of FCSL
Sale of FCSL.
About this update from Filtronic Plc
[{"type":"text","content":"\n Filtronic PLC\n30 November 2007\n\nFor immediate release\n\n30 November 2007\n\n\n\n\n\n Filtronic plc\n\n\n\n Announcement of negotiations for the sale of\n\n Filtronic Compound Semiconductors Limited\n\n\n\nFiltronic plc announces that it has agreed non binding heads of terms with a\nselected party in relation to the intended purchase by that party of the entire\nissued share capital of Filtronic Compound Semiconductors Limited for no initial\nconsideration with the potential for deferred consideration dependent on the\nachievement of certain targets and with this company's pension liabilities\nremaining with Filtronic plc. These terms include specified confirmatory due\ndiligence that must be completed by the proposed purchaser prior to the\nexecution of a definitive legal agreement.\n\n\n\n\n\nContact details\n\nFiltronic plc:\nJohn Poulter, Chairman 01274 415 306\nCharles Hindson, Chief Executive 07800 706 319 (mobile)\n\nParkgreen Communications: 020 7479 7933\nBen Knowles 07900 346 978 (mobile)\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange X \n ","length":1548,"tagName":"div"}]