Property company Peel Holdings’ offer for Clydeport has been declared unconditional in all respects.
Peel, which now plans to acquire compulsorily any outstanding shares in the Scottish ports operator, said it expected Clydeports listing to be cancelled on 14 February.
The offer and the loan note alternative will remain open until further notice.
Peel announced a recommended 440p-per-share offer for Clydeport in November, valuing the firm at £184.4m.
Clydeport owns a number of ports and associated developments in the west of Scotland.
Its major property venture is a scheme at Glasgow Harbour, held in joint venture with Bank of Scotland.
EGi News 13/01/03
