Register
Login:
Share:
Email Facebook Twitter


London South East - Oil & Gas Investor Evening: Malcy, Echo, Savannah, SDX
Andrew Knott, #SAVP speaks at London South East's Oil & Gas event


Finance & Stock Market News


Dawson buys JG Palmer's news wholesale assets for 5.0 mln stg

Mon, 19th Jun 2006 09:34


LONDON (AFX) - Dawson Holdings PLC, the newspaper and magazine distributio
n, logistics and marketing services group, said it has acquired the news wholesale assets and business of JG Palmer LLP for 5.0 mln stg in cash, with around 1.5 mln stg being reinvested by the seller in 1.2 mln new shares in Dawson.

Palmer is an independent newspaper and magazine wholesaler operating in Kent. Palmer also owns other business activities which are not part of the

acquisition. In the 52 weeks ended March 27 2005, Palmer reported a turnover of 43.3 mln stg of which 38.3 mln related to news wholesale.

Dawson said it expects the acquisition to enhance earnings in the first full financial year following acquisition.

newsdesk@afxnews.com

slm

COPYRIGHT
Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited


Related Shares:



Next Article: IDOX breaks even in H1

Back to Finance News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.