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To: peter stock who wrote (46)9/28/1999 11:48:00 AM
From: dark horse  Read Replies (2) | Respond to of 88
 
Look what I found in the London newspapers:


Reebok man going private

Stephen Rubin, who made a fortune by buying Reebok,today unveiled the details of the deal which will take private his family-dominated group Pentland. Rubin is offering minority shareholders 145p a share, which together with two interim dividends of 2.5p values Pentland at more than œ500 million.

The offer represents a premium of 60% to the closing price on 5 July, the day Rubin first revealed his plans.

Pentland also announced a 14% increase in operating profit to œ18.9 million on a turnover of œ254 million for the six months to 30 June. A hefty interest payment pushed the pre-tax, post-exceptional profit to œ22.4 million.

¸ Associated Newspapers Ltd., 03 September 1999
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