£23.42m
0.000p
111.50p
Date: Thursday 08 May 2008
LONDON (ShareCast) - Blue Oar will not pursue an offer for WH Ireland, which has refused to engage in takeover talks with the investment bank.
The group said the decision to withdraw follows the refusal of WH Ireland to meet and discuss any proposals "despite repeated efforts to engage with them".
"Whilst the board of Blue Oar is committed to enhancing shareholder value and believes that the combination of the two businesses would achieve significant synergies, delivering value to shareholders of a combined group, it does not believe that a hostile bid is beneficial for either party," said Blue Oar.
Blue Oar said it believes there will other opportunities, which can be completed on an agreed basis. It said it will continue to develop organically, maximising the opportunity from current market conditions.
| Currency | UK Pounds |
| Share Price | 111.50p |
| Closing Price Change | 0.000p |
| 52 Week High | 194.00p |
| 52 Week Low | 102.50p |
| Volume | 23,500 |
| Shares Issued | 21.01m |
| Market Cap | £23.42m |
| Beta | 0.04 |
| RiskGrade | 138 |
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| Latest | Previous | |
|---|---|---|
| Final | Interim | |
| Ex-Div | 05-Mar-08 | 08-Aug-07 |
| Paid | 25-Apr-08 | 28-Sep-07 |
| Amount | 3.00p | 2.00p |
| Time | Volume / Share Price |
| 10:30 | 23,500 @ 111.50p |
| 17:55 | 102,500 @ 111.50p |