LONDON (Thomson Financial) - 3M UK Holdings PLC said its offer for
specialist coatings company E Wood Holdings PLC will remain open for acceptances
until further notice.
The company said it received valid acceptances for a total of 11.04 mln
shares of E Wood yesterday, representing 96.00 pct of E Wood's issued share
capital.
On April 23, 3M UK Holdings had said its offer for E Wood has become wholly
unconditional following the satisfaction or waiver of the remaining conditions.
E Wood said it had agreed to the 323 pence per share takeover offer, which
values the company at 40.2 mln stg, on March 22.
TFN.newsdesk@thomson.com
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