Chaucer and Highway in takeover talks
Chaucer and Highway have confirmed they are in advanced discussions about a possible recommended all share offer by Chaucer for Highway on the basis of 44 Chaucer ordinary shares for every 54 Highway ordinary shares.
Under the terms currently proposed, shareholders in Highway would retain their rights to the final dividend proposed for the year ending 31 December 2004 but would not receive the Chaucer finalOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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