Barlo's independent directors sweet on Melgan offer

Barlo is to recommend to its shareholders that they accept the 40c per share cash offer made by management buyout vehicle Melgan which is headed by Barlo chief executive Dr Tony Mullins.

Barlo's independent directors sweet on Melgan offer
Tue, 10 Feb, 2004 - 16:43

Barlo is to recommend to its shareholders that they accept the 40c per share cash offer made by management buyout vehicle Melgan which is headed by Barlo chief executive Dr Tony Mullins.

IBI Corporate Finance made the offer to Barlo's independent directors and if accepted would see the company valued at €70m.

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CourtsBusinessHeathrowPlace: IrelandPlace: BritainPlace: BelgiumPlace: Clonmel, Co TipperaryPerson: Tony MullinsPerson: Anthony MullinsPerson: Niall CarrollOrganisation: BarloOrganisation: MelganOrganisation: IBI Corporate FinanceOrganisation: Barlo Group plcOrganisation: Barlo WarmastyleOrganisation: VehaOrganisation: Merriott RadiatorsOrganisation: IrishOrganisation: London Stock Exchanges
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