Posted in | Plastics and Polymers

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

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previously reported management buyout offer by Melgan for the plastics and radiator manufacturer Barlo Group has been withdrawn after Barlo received a superior offer from Sean Quinn’s Sarcon.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