12 July 1999
Tomkins to unbundle RHM arm

THE industrial conglomerate Tomkins is to demerge its baking and foods division Rank Hovis McDougall (RHM) with a price tag of up to £1.7bn.

RHM was acquired by Tomkins in 1992 for £991m.

  • The Times 12/07/99 page 47 (Companies), page 52
  • The Independent 12/07/99 page 14 (Briefing)
  • Financial Times 12/07/99 page 21
  • The Guardian 12/07/99 page 21
  • The Daily Telegraph 12/07/99 page 23, page 27 (The City Checklist), page 27 (This Week)