Business
Heads of terms agreement
Heads of terms agreement.
About this update from Hill & Smith Plc
[{"type":"text","content":"\n Hill & Smith Hldgs PLC\n03 February 2006\n\n\n\nProposed acquisition of Metnor Galvanizing \n\nThe boards of Hill & Smith Holdings PLC ('Hill & Smith') and Metnor Group PLC\n('Metnor') are pleased to announce that they have today signed non-binding Heads\nof Agreement for the acquisition by Hill & Smith of the galvanizing business of\nMetnor ('Metnor Galvanizing'). The Heads of Agreement include an indicative\noffer of £10.0 million in cash for the galvanizing business and associated\nproperty, plant and equipment. The indicative offer is subject to a number of\nconditions including due diligence and the transaction is subject to prior\nregulatory approval.\n\nMetnor Galvanizing, which is based in Chesterfield, provides galvanizing and\nrelated services to the construction industry.\n\nA further announcement will be made when appropriate.\n\nFurther information:\n\nDavid Grove, Chief Executive\nHill & Smith Holdings PLC\nTel: 0121 704 7430\n\nStephen Rankin, Chief Executive\nMetnor Group PLC\nTel: 0191 268 4000\n\nEnd 3/3/6\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1313,"tagName":"div"}]