Chloride Seeks Clarification Of Certain Aspects Of Emerson Offer
29 June 2010 - 8:13PM
Dow Jones News
LONDON (Dow Jones)--Chloride Group PLC (CHLD.LN), a manufacturer
and seller of power supply systems and power conditioners, said
Tuesday it intends to engage in talks with U.S. industrial
technology company Emerson Electric Co. (EMR) to clarify certain
aspects of its offer.
MAIN FACTS:
-Earlier, Emerson made an offer for the company at 375 pence per
share.
-Shares of Chloride at 0941 GMT up 41.3 pence or 11.9%, at 389.8
pence, valuing the company at GBP1.03 billion.
-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448,
tapan.panchal@dowjones.com
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