Evolution Group Confirms Acquisition Approaches From Several Parties
August 16 2011 - 6:20AM
Dow Jones News
Financial services company Evolution Group PLC (EVG.LN) Tuesday
said it has received approaches from a number of other parties
interested in either part or the whole of the company.
MAIN FACTS:
-All approaches are at a very early stage and the Board is far
from certain as to the terms of any potential offer or that any
will ultimately result in an offer being made.
-Notes Investec PLC's (INVP.LN) announcement on Aug. 4 that it
had made a preliminary approach regarding a potential share offer
for the entire issued and to be issued share capital of
Evolution.
-Shares at 1047 GMT up 13 pence or 15.15% at 95 pence.
-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448,
tapan.panchal@dowjones.com
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