N&M’s
take-over bid on
PORT SPAIN
Petroleumworldtt.com
02 17 08
The
Neal and Massy conglomerate (N&M) can
now proceed full steam ahead to acquire Barbados
Shipping and Trading Co (BS&T).
N&M yesterday advised BS&T shareholders
that the Barbados High Court on Wednesday ordered
that those who had not tendered their share before
December 17, 2007 shall be entitled to do so by
4 pm on February 29.
N&M must then take up
and pay for these BS&T shares on or before
March 14 on the same terms and conditions contained
in its takeover bid as modified by the order.
N&M
said it understands that the cease trade orders
made by the Barbados Securities Commission will
be lifted on Monday.
Story
from Trinidad & Tobago
Newsday
Trinidad
Newsday
Saturday, February 16 2008
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