Neal &Massy
offer under review
Trinidad
& Tobago Newsday
Port Spain
Petroleumworldtt.com
09 16 07
BARBADOS
Shipping and Trad-ing Company (BST) yesterday
advised its shareholders that its circular responding
to the enhanced takeover offer from Neal & Massy
Holdings has been submitted to the Trinidad and
Tobago and Barbados securities commissions for
review.
In
a statement to BST shareholders yesterday, BST’s
board of directors said the circular was prepared
on September 11 and is expected to
be released on September 17.
BST
corporate secretary Natalie Brace said the company
was advising its shareholders to await
this circular and to monitor any further information
published by the BST board before taking a decision
on the Neal & Massy and Ansa McAl takeover
bids for the Barbadian conglomerate.
Neal & Massy
officials said the company would receive this
circular at the same time BST shareholders
would and it is adopting a wait-and-see approach.
On
Tuesday, the Barbados Securities Commission said
Neal & Massy could not purchase any shares
of BST while it has a takeover proposal for that
company on the table.
Trinidad
& Tobago Newsday
Saturday, September 15 2007
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©2007 Trinidad
& Tobago Newsday . All Rights Reserved.
