Business
Response to OFT announcement
Response to OFT announcement.
About this update from Hill & Smith Plc
[{"type":"text","content":"\n Hill & Smith Hldgs PLC\n26 May 2006\n\n\nMetnor Galvanizing\n\nIt was announced on 3 February 2006 that Hill & Smith Holdings PLC ('Hill &\nSmith') and Metnor Group PLC ('Metnor') had signed non-binding Heads of\nAgreement for the acquisition for £10 million by Hill & Smith of the galvanizing\nbusiness of Metnor ('Metnor Galvanizing'). The non-binding Heads of Agreement\nare subject to a number of conditions, including prior regulatory approval.\n\nThe Board of Hill & Smith is pleased to note the announcement made earlier today \nby the Office of Fair Trading ('OFT') to the effect that the OFT has decided not \nto refer the proposed acquisition to the Competition Commission under the \nprovisions of the Enterprise Act 2002.\n\nHaving received regulatory approval, Hill & Smith will now commence detailed due\ndiligence and will make a further announcement as soon as this is appropriate.\n\nFurther information:\n\nDavid Grove, Chief Executive\nHill & Smith Holdings PLC\n0121 704 7430\n\nQuantum Freshwater UK\nEdward Carter\n0121 633 7775\n07770 378097\n\nEnd 26 May, 2006\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1321,"tagName":"div"}]