Volvo may take a role in fight to control Dennis

Article Abstract:

AB Volvo plans to interfere in the fight between Mayflower Corp. and Henlys Group to control Dennis Group PLC, according to the Sunday Telegraph newspaper. The story said that Volvo could lend financial help to Henlys to enable it to top any offer made by Mayflower. Mayflower plans to acquire Dennis Group of the UK, which makes chassis and specialist-vehicle, for 450 pence a share, valuing Dennis at about 255 million pounds sterling. The cash offer would be financed by new bank facilities. Meanwhile, Dennis' board is studying the offer, but advised shareholders to just wait for the meantime.

Comment:

Plans to interfere in the fight between Mayflower and Henlys Group to control Dennis Group, according to the Sunday Telegraph

United Kingdom, Sweden, Motor Vehicles & Parts, Transportation Equipment Manufacturing, AB Volvo, Article, Dennis Group PLC

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Rude awakening; Telia-Telenor mounts $1.59 billion bid for Irish partner Esat

Article Abstract:

Article discussing Telia-Telenor's $1.59 billion offer for Esat Telecom Group PLC and how this hostile takeover attempt reveals the competitive nature of Europe's "post-Olivetti" telecom market.

Telecommunications, Ireland, Norway, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Esat Telecom Group PLC, Telia-Telenor

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