Investcorp Bids For Watmoughs Holdings
Bahrain-based offshore investment bank, Investcorp, confirmed on 4 March that it hadbid to purchase British printing firm Watmoughs Holdings. Investcorp bid 345 pence-a-sharefor the publicly listed company, valuing the firm at around 250mn ($411.6mn). The bidoutstrips an earlier hostile bid of 257 pence-a-share by the Canadian Quebecor, placed on3 December 1997. Investcorp has also secured the purchase of the privately...