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Provider : Thomson Reuters Stock Report
Provider : Wright Reports
Provider : Reuters Investment Profile
Provider : Sadif Analytics Prime

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Victoria PLC proposes acquisition of Globesign Limited

Tuesday, 26 Nov 2013 02:00am EST 

Victoria PLC:Says it has proposed acquisition of the entire issued share capital of Globesign Limited (Globesign) and its wholly owned subsidiary, Westex Carpets Limited (Westex).Says the initial cash consideration for the acquisition is 16.0 million pounds and further deferred consideration payable on achievement of certain annual and triennial profit targets.Says the acquisition constitutes a reverse takeover under Rule 14 of the AIM Rules for Companies and is therefore subject to shareholder approval.Says on Nov. 26 the company posted a re-admission document in respect of the acquisition together with notice of a general meeting of shareholders in the company to be held on Dec. 13. 

Company Quote

7.5 +0.58%
12:19pm EDT