Posts in LSE:LTC

Latchways-MSA scheme takes effect

The scheme of arrangement for the recommended cash acquisition of Latchways by MSA UK Holdings has taken effect from today.

At 1:07pm:

Court set to sanction Latchways-MSA scheme

Trading in Latchways shares has been suspended with the High Court expected to sanction the scheme of arrangement for the company's acquisition by MSA UK Holdings later today.

At 8:37am: (LON:LTC) Latchways PLC share price was 0p at 1100p

Latchways shares suspended

Latchways' shares have been suspended from trading at the request of the company pending an announcement.

Latchways resolutions passed at AGM

Latchways has confirmed that all resolutions proposed at its annual general meeting on Friday were passed.

Six for the future


From the Share Sleuth decision engine: Six contrarian picks for the long-term investor. Digital Entertainment Plc, AGA Rangemaster Group Plc & Latchways plc: Can The Merger Mania Continue?

Shareholders in the likes of Bwin (LSE:BPTY), AGA Rangemaster (LSE:AGA) and Latchways (LSE:LTC) have enjoyed nice gains in recent weeks -- even as the wider market has fallen -- thanks to M&A activity. But will this enthusiasm for takeovers continue if the stock market volatility turns into a rout?

London shares take a hammering

Shares in London took a hammering today following the Bank Holiday weekend as more weak economic data created renewed fears of a serious economic slowdown in China.

At the close the FTSE 100 had fallen 189.4 points, or 3.03%, to 6,058.54. The FTSE 250 was 266 points lower, or 1.55%, at 16,840.40.

Major indexes across Europe also fell sharply. The Dax in Germany and the Cac in France were both nearly 2.5% lower.

MSA agrees deal for Latchways

MSA UK Holdings has agreed an £11 per share deal for Latchways, valuing the fall protection equipment manufacturer at £124m.

The offer represents a premium of approximately 53% to the closing price of 720p per share on Friday.

Latchways chairman Paul Hearson said: "MSA is offering our shareholders an attractive premium to the recent share price.

Why AGA Rangemaster Group Plc, Exillon Energy Plc & Latchways plc Are Surging Today

I am monitoring the share price of AGA Rangemaster (LSE:AGA) today following Whirlpool's latest announcement... I'd have never expected a bidding war, but this is the most likely scenario right now!

Elsewhere, the shares of Latchways (LSE:LTC) and Exillon Energy (LSE:EXI) have also caught my attention today. They are up 48% and 7.7%, respectively, in a plunging market, with the FTSE 100 down 2.6% at the time of writing. 

Shares in London fall sharply

Shares in London fell sharply during the morning following the Bank Holiday weekend reflecting major losses overnight in the US and earlier today in Asia.

Around midday the FTSE 100 had fallen 135.31 points, or 2.17%, to 6,112.63. The FTSE 250 was 202.90 points lower, or 1.19%, at 16,903.50.

Major indexes across Europe are also taking a hammering. The Dax in Germany and the Cac in France are both around 2% lower.