Posted in | News | Plastics and Polymers

Melgan Withdraw Offer for Barlo in Light of Superior Offer from Sarcon

Apr 1 2004

The previously reported management buyout offer by Melgan for the plastics and radiator manufacturer Barlo Group has been withdrawn after Barlo received a superior offer from Sean Quinn’s Sarcon.

The Sarcon bid offers shareholders 48 cents per share, a 20% premium on the Melgan offer.

Sarcon have 28 days to submit a formal offer.

For more information on radiators, click here.

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