Millfield receives take-over approach

No clear details of who the offer has come from have yet been officially released. In a statement released a short while ago the firm says: “There can be no certainty that an offer will be made, nor as to the terms on which any offer might be made.” Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers if a company is interested in 1% or more of any class of "relevant securities" of Millfield all dealings of that company must be publicly disclosed by no later than 3.30 pm on the day following the date of the relevant transaction. Paul Tebbut, chief executive of Millfi...