Offer Update
29 August 2003 - 5:49PM
UK Regulatory
RNS Number:1608P
IFTE PLC
29 August 2003
IFTE plc ("IFTE" or "the Company"): Withdrawal of possible competing offer
On 15 August 2003 the Board of IFTE announced that it had received an approach
which may or may not lead to an alternative offer for the Company. The approach
stated specifically that the funding required to make an offer was not yet in
place. The Board of IFTE has now been advised that the potential offeror has
been unable to procure funding and accordingly the approach has been withdrawn.
IFTE shareholders should note that the next closing date for the offer by Kidde
Holdings, which is unanimously recommended by the Board of IFTE, is 2 September,
2003.
Enquiries:
David Williams, IFTE: 020 7248 0802
Sandy Fraser, Brewin Dolphin Securities: 07736 800356
This information is provided by RNS
The company news service from the London Stock Exchange
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