Wisemans Sell Shares for (Pounds) 14m

The HeraldNovember 04, 2004

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Summary


THE Scottish brothers behind Robert Wiseman Dairies will make more than (pounds) 14m after agreeing to sell 5.8 million shares in the company they founded to farmers' co-operative First Milk, which is buying a 15% stake.

Alan Wiseman, chairman, and managing director Robert Wiseman are selling around 7.6% of the company's issued share capital and will be left with 46% of the business once the deal goes through. The remainder will be bought through a tender offer.

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Wisemans Sell Shares for (Pounds) 14m

First Milk, a collection of 400...

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