Published 1 April 2007
Lynwalsh Holdings Ltd took its stake in Southern Capital Ltd over the compulsory acquisition threshold on Friday, increasing its interest from 74.5% to 92.3%.
Lynwalsh is a private company owned 50:50 by the SD & MA McKinlay Family Trust (through Essex Castle Ltd) & the TD Scott No.2 Trust, and will delist Sothern Capital.
The takeover offer followed a decision by Southern Capital to return capital to shareholders after selling its Hirequip business at the end of 2006.
Attribution: Company statement, story written by Bob Dey for this website.