16 June 1995

BWMBtakeover

THE British Wool Marketing Board has been making slow, but steady progress in its round-up of shares for its planned takeover of merchants Scottish, English and Welsh Wool Growers.

By the June 12 deadline, it had over 70% acceptances, 10% more than last week, but still short of the 90% it needs. As such it is extending the offer to the end of the month.