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March 4, 1997updated 05 Sep 2016 12:38pm

FORWARD GROUP RECOMMENDS OFFER FROM PCB INVESTMENTS

By CBR Staff Writer

Specialist Tamworth, UK circuit board maker Forward Group Plc is recommending a 230 pence a share offer for the company from PCB Investments, a company owned by Hicks, Muse, Tate & Furst Equity Fund III. The price values Forward at 129m pounds and PCB has already received irrevocable commitments for 22.2 million shares representing 40.3% of Forward’s share capital. The offer represents a premium of 40.2% over the 164p closing price on February 28.

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