Tuesday, September 30, 2008

Mather & Platt Pumps proposes de-listing from Indian stock exchanges

From RTTnews (via Nasdaq.com): Mather & Platt Pumps said on Tuesday it has received a proposal from WILO SE, the present promoter and majority shareholder of the company to acquire its equity shares at an exit price of Rs.150 each. According to a proposal, WILO SE would acquire all the shares held by public shareholders in the company and will do a voluntary de-listing of the equity shares from the Bombay Stock Exchange and Pune Stock Exchange, where it is presently listed. The board of directors of Mather & Platt would meet on September 17 to consider the proposal.

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