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09-20-2007, 02:36 PM
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#1 | ||||
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CT Guru
  
Join Date: Jun 2006
Location: Bletchley, Bucks, UK
Cruises Completed: 10-14
Fav. Cruise Line:
P&O
Posts: 11,491
My Reviews: 4 |
Stonefield Castle says delay in Hebridean Cruises minority offer approved
Stonefield Castle Group Ltd said the Takeover Panel has consented to a delay in the issue of the offer to Hebridean Cruises PLC's shareholders.
On Aug 20, the company said it will make a mandatory offer for the shares of Hebridean Cruises PLC that it does not own at 21.6425 pence per ordinary and Non-BES share. The company also said it has agreed to acquire John Dore's 28.41 pct stake in Hebridean, lifting its stake in the target company to 58 pct. Stonefield Castle had said it acquired 1.66 mln convertible redeemable preferred shares at 55 pence apiece and 1.55 mln ordinary shares at 21.6425 pence each from Dore.
__________________
John Past cruises: Apr 03 Norwegian Sun - W Caribbean May 04 Norwegian Dream - Mediterranean Nov 05 Radiance of the Seas - E Caribbean Nov 05 Radiance of the Seas - W Caribbean Oct 06 P&O Arcadia - Spirit of the Caribbean May 07 Fred Olsen Braemar - Dutch Weekend Oct 07 Norwegian Gem - Shakedown Oct 07 Vision of the Seas - Mexican Riviera Nov 07 Monarch of the Seas - Baja Cruise July 08 Queen Elizabeth 2 -Holland & Belgium
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