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take over
Topic Started: Jan 26 2007, 10:25 PM (535 Views)
pop

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as any one heard abount a take over went to a branch to day and someone said they had seen it on a site
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eggle
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This could explain the shares going up
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oldskooltekno
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in the dark here boys...
a take over for or from wolseley uk?????????
morales been low for a while, this could be a nice early xmas pressy
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pop

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maybe plumb but l have heard today that it as fall through unless someone no differant
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eggle
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UK Business News

Cinven not interested in Wolseley
Posted on : Wed, 14 Feb 2007 14:36:01 GMT | Author : James Simpson
News Category : UK (Business)

LONDON - Private equity firm Cinven is not in the market for building products firm Wolseley, a source close to the situation confirmed thus refuting newspaper rumors which had said such a deal was in the offing.

"The idea was proposed to Cinven by a bank, but Cinven is not interested," the source was quoted as saying on Reuters. The City AM newspaper had first broken the news that Cinven was considering a bid of 10-billion-pound-plus for Wolsley. The paper also said that Cinven was being advised by Goldman Sachs and had been looking out for Wolseley for the last three months.

This news had sent Wolsley's shares up by over 8.5 percent. However after news of Cinven's disinterest filtered out, the shares edged down, but were still up by 4.3 percent at 1,368 pence in mid-morning trading.

"An investment bank brought the idea to us but we are not looking at it," the Cinven source confirmed.

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oldskooltekno
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a friend of mine works for saint gobain and at a recent conference the crowd was asked which is the most likely?
manchester united to win the treble or s.g to buy wolseley..........
...........i hope to f_k it's the last one lol :lol: :lol: :lol:
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eggle
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:P
lol
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oldskooltekno
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word round the camp fires about other bodies looking to swoop in for w.u.k or at least certain brands to be swallowed up. saint gobain are in the frame again.......no smoke without etc etc. some middle management are looking for the lifeboats apparantly.
we will see. <_<
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