Stmnt re poss competing offer
15 Agosto 2003 - 6:28AM
UK Regulatory
RNS Number:7241O
IFTE PLC
15 August 2003
IFTE plc ("IFTE" or "the Company"): statement re possible competing offer
The Board of IFTE announces that it has received an approach which may or may
not lead to an alternative offer for the Company. The approach specifies that
such an offer, if made, would be at a price in excess of 43p per IFTE share in
cash.
IFTE shareholders should note that there is no certainty that a formal competing
offer will be made for the Company. In particular, the approach states
explicitly that the funding required to make an offer is not yet in place and
the conditions upon which such funding might be made available to the potential
offeror have not been specified in the approach.
Furthermore, IFTE shareholders should note that the first closing date for the
offer by Kidde Holdings is 19 August 2003.
A further announcement will be made when appropriate.
Enquiries:
David Williams, IFTE plc - 020 7248 0802
Sandy Fraser, Brewin Dolphin Securities Limited - 0131 529 0272
This information is provided by RNS
The company news service from the London Stock Exchange
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