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Shopping on the property market

Article Abstract:

Scottish-based Milner Group was formed in 1997 when Conrad Ritblat Group merged with Speciality Shops for 90 million pounds sterling, creating a 185 million pounds sterling property portfolio. The merger was organised by British Linen Bank (BLB) which has worked on behalf of Conrad Ritblat since 1987. Milner Group increased its assets to 250 million pounds sterling in February 1998 when it purchased property company Five Oaks for 40 million pounds sterling, again organized by BLB.

Author: Murray, Edward
Publisher: Thomson Financial Inc.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
Mergers & Acquisitions, Scotland, Five Oaks Investments PLC, British Linen Bank Ltd., Milner Group

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Third quarter down on second

Article Abstract:

The UK bid market failed to exceed second quarter result expectations during the third quarter of 1999. The second quarter bid highs of 48% and 56% reached only 35% and 44% during the third quarter, although market analysts believe the market will pick up towards the end of 1999 and into the new Millennium. The 27.2 million pounds sterling takeover of Calderburn by Clares Equipment Group produced the highest one day and one month results, with 93% and 105%.

Publisher: Thomson Financial Inc.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
United Kingdom

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Subjects list: Finance, Acquisitions and mergers
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