Acorn Group PLC - Offer Acceptances, etc
June 03 1999 - 4:34AM
UK Regulatory
RNS No 2452b
ACORN GROUP PLC
3 June 1999
Not for release, distribution or publication in or into the
United States, Canada, Australia or Japan.
MSDW Investment Holdings Limited
recommended Offer for
Acorn Group plc
Commencement of compulsory acquisition procedure
MSDW Investment Holdings Limited has received valid acceptances
of the Offer in respect of more than 90 per cent. of the Acorn Shares
to which the Offer relates.
Accordingly, on 2 June 1999, MSDW Investment Holdings Limited
issued notices under section 429 of the Companies Act 1985 to those
Acorn Shareholders who had not already accepted the Offer by
3.00pm on 1 June 1999, informing them that it now intends to exercise
its rights to acquire compulsorily all the Acorn Shares outstanding at
the expiry of the requisite notice period.
In the meantime, the Offer remains open for acceptance.
Terms defined in the Offer document dated 4 May 1999 shall have
the same meaning in this announcement.
Press enquiries:
Morgan Stanley Dean Witter
Euart Glendinning Corporate Communications 0171 425 4942
This announcement is not being made directly or indirectly in or into
the United States, Canada, Australia or Japan. Accordingly, neither
copies of this announcement nor any related offering documents are
to be mailed or otherwise distributed or sent in or into the
United States, Canada, Australia or Japan.
END
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