(Reuters) - Speedy said it would pay for the deal by increasing its
borrowing facilities to 325 million pounds from 210 million and
would also place 4.36 million new shares, or 9.5 percent of its
existing equity capital, in two tranches at 1,250 pence each.
The deal with Hewden Stuart, a unit of Canada's Finning
International Inc, will increase Speedy's number of depots to
over 540 from 361, give it a customer base of over 100,000, and
bolster its position in industrial and local authority markets.
Read more at Reuters.com Mergers News
borrowing facilities to 325 million pounds from 210 million and
would also place 4.36 million new shares, or 9.5 percent of its
existing equity capital, in two tranches at 1,250 pence each.
The deal with Hewden Stuart, a unit of Canada's Finning
International Inc, will increase Speedy's number of depots to
over 540 from 361, give it a customer base of over 100,000, and
bolster its position in industrial and local authority markets.
Read more at Reuters.com Mergers News
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