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Hirco Share News (HRCO)
Share News for Hirco (HRCO)
| Share Price: 31.00 | Bid: 30.00 | Ask: 32.00 | Change: 0.00 (0.00%) |  | ||||||
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BRIEF-Hirco sees improving, but still tough, operating backdrop
Mon, 22nd Mar 2010 07:26
LONDON, March 22 (Reuters) - Hirco Plc:
* Sees an improving, yet still challenging, opera
* Likelihood of a revised merger transaction being pursued is minimal
* Hirco and the Hiranandani Family have had ongoing discussions primarily with Hirco's largest shareholders over the past year. These discussions have coincided with a strategic review, which was conducted to consider the options available to the Company. Following this review, discussions revolved around a revised merger, in large part similar in structure to that proposed on December 18, 2008. However, it became clear during these discussions that the Company and the owners of the Burke companies were unlikely to reach agreement on terms that would be acceptable to both parties. Therefore, at this time, the Company believes that the likelihood of such a transaction being pursued is minimal
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
LONDON, March 22 (Reuters) - Hirco Plc:
* Sees an improving, yet still challenging, opera
ting environment
* Likelihood of a revised merger transaction being pursued is minimal
* Hirco and the Hiranandani Family have had ongoing discussions primarily with Hirco's largest shareholders over the past year. These discussions have coincided with a strategic review, which was conducted to consider the options available to the Company. Following this review, discussions revolved around a revised merger, in large part similar in structure to that proposed on December 18, 2008. However, it became clear during these discussions that the Company and the owners of the Burke companies were unlikely to reach agreement on terms that would be acceptable to both parties. Therefore, at this time, the Company believes that the likelihood of such a transaction being pursued is minimal
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
BRIEF-Hirco chairman steps down
LONDON, Dec 23 (Reuters) - Hirco Plc: * Notes the recent media commentary concerning the chairman, niranjan hiranandani, * No f[23 Dec '10]
BRIEF-RESEARCH ALERT-HSBC cuts Hirco price target
Dec 17 (Reuters) - Hirco Plc: * HSBC cuts Hirco price target to 118P from 157P; rating overweight For a summary of rating ac[17 Dec '10]
BRIEF-Hirco FY loss, NAV declines
LONDON, Dec 15 (Reuters) - Hirco Plc: * Loss for the year £13.6 million * Net asset value declines from £6.89 per share to £6.71 per s[15 Dec '10]
BRIEF-Hirco sees improving, but still tough, operating backdrop
LONDON, March 22 (Reuters) - Hirco Plc: * Sees an improving, yet still challenging, operating environment * Likelihood of a revised me[22 Mar '10]
STOCKS NEWS UK-Hirco up on rise in NAV
STOCKS NEWS Reuters Results diary Europe Real-time Equity News[30 Oct '09]
Hirco slips to FY after-tax loss; NAV up 2.5 pct
* Says FY loss mitigated by improvements in H2 * FY post-tax loss 17.7 mln stg vs yr-ago profit 75.1 mln * Shares up 3.5 pct[30 Oct '09]
BRIEF-Hirco says sold 86 pct of Chennai development
LONDON, July 20 (Reuters) - Hirco Plc: * Posts eighth consecutive quarter of sales momentum in Chennai * As at 30 June, sales accepted[20 Jul '09]
BRIEF-Hirco H1 NAV down 5.7%
LONDON, May 14 (Reuters) - Hirco Plc: * Net asset value (nav) was £6.72 per share, down 5.7% * Loss of £30.884 million ((London[14 May '09]
