Thompson takes out Usbornes fertilisers

01 May 1998

Thompson takes out Usbornes fertilisers

USBORNE has accepted an unconditional cash offer from Thompson Acquisitions for the 25% of the fertiliser group not already owned by Thompson Investments. Thompson Investments and Thompson Acquisitions are vehicles for David Thompson, Hillsdown Holdings founder.

The 25p-a-share offer values Usborne at £10.7 miilion. The shares are expected to be delisted after completion.

Usborne announced pre-tax profits 38% lower at £257,000 for the half year to the end of 1997.

  • Financial Times 01/05/98 page 24
  • The Times 01/05/98 page 31
  • The Daily Telegraph 01/05/98 page 35

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