Peek Holdings Plc – parent, inter alia of ruggedised portable computer maker Husky Computers Ltd – yesterday cam forward with an agreed bid for electronic components and interconnection devices manufacturer Dubilier International Plc. The share exchange terms value Dubilier at UKP114m, representing a 66% premium over the market price. Shareholders are being offered 15 new Peek shares for every four they hold in Dubilier, valuing them at 247p, about 97p above their price at the beginning of this week. No cash alternative is being offered. Adding in Dubilier will swell the Peek capitalisation to UKP900m or so.
HUSKY PEEK IN UKP114m AGREED BID FOR DUBILIER
