John Swan receives takeover bid
Livestock auctioneer John Swan & Sons has received a takeover bid from H&H Group at 1,350p per share.
General Retailers
4,468.11
17:14 01/11/24
1.27%
56.14
Swan (John) & Sons
1,300.00p
12:39 14/10/15
-1.89%
-25.00p
Swan, which operates out of two prime livestock rearing areas in the Scottish Borders and Northumberland, said it planned to recommend the bid if H&H made a formal binding offer.
"This announcement is not, and should not be construed as being, an announcement of a firm intention by H&H to make an offer for the company," Swan said in a statement.
"There can be no certainty that an offer will be made for the company or, if an offer is made, whether a partial share alternative is also made."