PRESS DIGEST - Sunday British business - May 26

Sun May 26, 2013 8:02am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

LONDON May 26 (Reuters) - British newspapers reported the following business stories on Sunday:

The Sunday Times:

FOUNDERS TO GRAB ENRC ON THE CHEAP

Kazakhmys, the largest investor in ENRC, has fallen in behind a 3.3 billion pound ($5 billion) takeover bid for the FTSE 100-listed miner, all but ensuring its success despite protests from independent directors.

VULTURE FUNDS SWOOP ON AILING YELLOW PAGES

Wall Street vulture funds are homing in on a debt-for-equity takeover of Hibu, the struggling owner of Britain's Yellow Pages, according to the Sunday Times.

  Continued...