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IN BRIEF: Slingsby ends formal sales process without proper proposal

ALN

HC Slingsby PLC - Baildon-based industrial equipment supplier - Concludes formal sales process without receiving a proposal it says would lead to an offer for the company, citing ‘the current climate and circumstances’. It had announced the start of the formal sales process on February 11. ‘The board does not believe that continuing or expanding the formal sales process will deliver an outcome that would satisfactorily meet the interests of all stakeholders. The board therefore considers that it is in the interests of all shareholders to conclude the formal sales process at this stage and focus on the group’s operations and strategy,’ Slingsby says.

Current stock price: 345.00 pence each, up 15% on Tuesday afternoon in London

12-month change: up 38%

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