Business
M&A Progress and Exclusivity
M&A Progress and Exclusivity.
About this update from Tanfield Group Plc
[{"type":"text","content":"\n \nRNS Number : 3793L Tanfield Group PLC 09 August 2013 \n \n\n9 August 2013\n \nTANFIELD GROUP PLC\n(\"Tanfield\" or the \"Company\")\n \nM&A Progress and Exclusivity\n \nTanfield Group PLC, a leading manufacturer of Aerial Work Platforms, is providing the following update on the M&A progress announced on 24th July 2013.\n \nThe Board is pleased to report that sufficient progress has been made on the structure and broad terms of an acceptable proposal for the sale of its powered access division, to grant the preferred potential purchaser a short period of exclusivity in which to complete its due diligence with a view to mutually form a contract that will be executable subject only to shareholder approval. \n \nFurther updates will be issued in due course.\n \nFurther information:\n \n\n\n\n\nTanfield Group Plc\nDarren Kell / Charles Brooks\n \n\n\n 0845 155 7755\n\n\n\n\nWH Ireland Ltd.\nJames Joyce / Nick Field - Corporate Finance\nSeb Wykeham / Ruari McGirr - Corporate Broking\n \n\n\n 020 7220 1666\n\n\n\n\nBuchanan\nCharles Ryland/ Helen Greenwood\nwww.buchanan.uk.com\n \n\n\n 020 7466 5000\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCBGGDICSGBGXC\n ","length":3251,"tagName":"div"}]