Statement re Possible Offer
September 02 2003 - 3:03AM
UK Regulatory
RNS Number:2653P
Autologic Holdings PLC
02 September 2003
AutoLogic Holdings plc - Possible Offer
The Board of Directors of AutoLogic Holdings plc ("AutoLogic") announces that it
has received an approach from a private equity firm to acquire all of the share
capital of AutoLogic for 350p per share in cash. Talks are progressing though
they still remain subject to further due diligence and financing. Consequently
there can be no certainty that a firm offer will be made.
The Board of Directors has agreed to a request from the private equity firm that
the executive directors work with them on this proposed offer. Therefore an
independent committee of the Board of Directors, consisting of the non-executive
directors, has been established and will consider any firm offer put forward.
A further announcement will be made in due course.
Enquiries
Bell Pottinger Financial
Jonathan Brill 020 7861 3865
John Coles 020 7861 3868
2 September 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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