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Acquisitions News: September 2002

Mon, 30 Sep 2002: First-round bids are being submitted for Midlands Electricity, the distribution company owned by US energy group Aquila, and valued at £1.2bn. M...
[more: First-round bids are being submitted for...]
Mon, 30 Sep 2002: Bertelsmann is to dispose of Bertelsmann Springer, its academic publishing and journals business. Merrill Lynch will distribute information on Bertels...
[more: Bertelsmann is to dispose of Bertelsmann...]
Mon, 30 Sep 2002: Mytravel, the UK tour operator formerly known as Airtours, will announce a series of disposals alongside its trading update. Disposals could raise the...
[more: Mytravel, the UK tour operator formerly ...]
Mon, 30 Sep 2002: Lattice Group is considering the sale of its division Fulcrum connections, consisting of some 850 gas men, before it merges with National Grid....
[more: Lattice Group is considering the sale of...]
Mon, 30 Sep 2002: Alldays, the convenience store chain is reportedly having secret discussions with a rival to sell the business. The company, with its 600 stores, is v...
[more: Alldays, the convenience store chain is ...]
Mon, 30 Sep 2002: New Star Asset Management has made an informal approach to Aberdeen Asset Management to gauge the Scottish investment company's interest in selli...
[more: New Star Asset Management has made an in...]
Mon, 30 Sep 2002: Holiday Inns, the hotel group, has confirmed that the Six Continents pubs arm is to be put up for sale, potentially fetching £2.5bn. Buyers will...
[more: Holiday Inns, the hotel group, has confi...]
Sun, 29 Sep 2002: Aberdeen Steak Houses is in crisis talks with banks and may be seeking to close or sell its loss-making restaurant sites, located mainly in prime West...
[more: Aberdeen Steak Houses is in crisis talks...]
Fri, 27 Sep 2002: KooGa, the sports goods company, has been bought out of administration by the Kettner Group for £0.6m....
[more: KooGa, the sports goods company, has bee...]
Fri, 27 Sep 2002: Clearex Plastics, the County Durham-based injection moulding company, has been bought out of administration by Formould for undisclosed terms, saving ...
[more: Clearex Plastics, the County Durham-base...]
Fri, 27 Sep 2002: Alphyra is to sell ITG Payphones (Ireland) to Smart Telecom for £1.4m, in order to focus on the development of its pan-European electronic trans...
[more: Alphyra is to sell ITG Payphones (Irelan...]
Thu, 26 Sep 2002: Gladedale has acquired Tulloch Homes, the Glasgow-based housing business with 50 staff, from Tulloch for about £50m....
[more: Gladedale has acquired Tulloch Homes, th...]
Thu, 26 Sep 2002: GWR is to acquire the remaining 50% of London News Radio and will then sell the whole business on to Chrysalis for £23m....
[more: GWR is to acquire the remaining 50% of L...]
Thu, 26 Sep 2002: Online Travel Corporation has acquired All-Hotels, the Edinburgh-based online hotel booking company with 25 staff, for £1.4m....
[more: Online Travel Corporation has acquired A...]
Thu, 26 Sep 2002: RODS UK, the Tamworth-based manufacturer of automotive oils with ten staff and annual turnover of £1.6m, has undergone a management buy-out for ...
[more: RODS UK, the Tamworth-based manufacturer...]
Thu, 26 Sep 2002: Dowding & Mills, the engineering group has announced plans to sell its US and Australian businesses to cut debt, and concentrate on the core UK bu...
[more: Dowding & Mills, the engineering group h...]
Wed, 25 Sep 2002: Greene King is to sell 37 pubs to Punch Taverns for £6.8m, enabling Punch to strengthen its business in the south-east....
[more: Greene King is to sell 37 pubs to Punch ...]
Wed, 25 Sep 2002: Old Monk has sold nine London-based pubs to Puzzle Pub Company for £3.5m, in order to reduce debt....
[more: Old Monk has sold nine London-based pubs...]
Wed, 25 Sep 2002: Lattice, the British gas pipeline network operator, has received a number of non-binding bids for its 186k telecommunications business. The broadband ...
[more: Lattice, the British gas pipeline networ...]
Wed, 25 Sep 2002: The formal auction process has started for the sale of Adams, the chewing gum and pharmaceutical foods business of US pharmaceuticals group Pfizer. A...
[more: The formal auction process has started f...]

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