Summary
Forth Ports yesterday became the latest Scottish quoted company to surrender its independence as it accepted the 1630p-a- share offer tabled earlier this month by its 23% shareholder Arcus European Infrastructure Fund.
Arcus said it was "committed to maintaining Forth Ports' position as a key UK port operator headquartered in Scotland."See the full content of this document
Extract
Arcus Finally Seals Deal for Forth Ports Takeover
The deal values shares held by Forth's eight directors at pound(s)5 million. Charles Hammond, the firm's chief executive, will pick up pound(s)1.5m for his shareholding w...
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