UK: British Mohair Sends Browallia Offer To Shareholders
British Mohair Holdings plc has sent copies of Browallia's offer to its shareholders, the company announced today.Browallia, the Dutch private investment company, made an offer for British Mohair last Thursday, which the board rejected.The offer document sets out the terms of Browallia's offer for the issued share capital of British Mohair Holdings plc not already owned by the Dutch firm.British Mohair's directors are still to issue a formal response to the offer, except to urge shareholders to take no action at this stage."We believe that the offer, at a significant premium to the price of British Mohair shares until recently, provides shareholders with the certainty of £1.50 in cash. The alternative for British Mohair shareholders is uncertain," Browallia said in a statement last week.
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