Close Brothers considers divestments to fend off Cenkos takeover

04/12/2007

Winterflood Securities, the stockbroking business owned by Close Brothers, could be put up for sale as a defence against a £1.4bn takeover bid for Close by Cenkos Securities. Winterflood, the largest market-maker of AIM-listed stocks, is throught to be worth at least £600m. Alternatively, Close Brothers may auction off its banking business, which the Cenkos bid values at £500m.

Other Professional And Financial Acquisitions

Centaur Media May Undergo MBO	18/03/2008
HSBC Considers A Disposal Of Its Rail Division	17/03/2008
Standard Life Considers Sale Of Its Banking Division	13/03/2008
Asda Ready To Find Buyers For Gazeley Property Business	11/03/2008
Land Securities Attracts Bidders For Trillium	03/03/2008

Subscribe now to get advanced acquisition search capabilities.

Acquisition Resources

Other Professional And Financial Acquisitions