Market News - Page 852

The Board of Sprue is pleased to provide an update on a number of recent developments.

LAUNCH OF NEW WI-SAFE CONNECT PRODUCT RANGE

Sprue recently launched its new Wi-Safe Connect product range at Europe's largest safety and security show in Essen, Germany to positive customer feedback. Wi-Safe Connect is an innovative and intelligent, cloud-based alarm notification and network management system which utilises the Intamac source code acquired by the Company in September 2016.
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The Board, having considered the Offer together with its financial adviser Rothschild, has no hesitation in unanimously concluding that the Offer is wholly inadequate and very substantially undervalues the Company, its unique position and its future growth potential….

Benchmark, the aquaculture biotechnology and food chain sustainability business, announces that it expects Group performance for the year ended 30 September 2016 to be in line with the Board's expectations.

The integration of INVE is on plan, with the key account management programme progressing well and work on the first co-developed products has commenced. …

The Board of M. P. Evans notes the announcement by KLK earlier today relating to an unsolicited offer to acquire the entire issued share capital of the Company at a price of 640 pence per M. P. Evans share (the “Offer”)….

The boards of directors of Ancala Fornia Limited (“Bidco”) and Dee Valley Group plc (“Dee Valley”) are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of Dee Valley by Bidco, an investment vehicle indirectly controlled by Ancala, pursuant to which Bidco will acquire the existing issued Voting Ordinary Shares and Non-Voting Ordinary Shares of Dee Valley (the “Acquisition”)….

British American Tobacco p.l.c. (“BAT”), which owns 42.2% of Reynolds American Inc. (“Reynolds”), has made a proposal to merge with Reynolds through the acquisition of the remaining 57.8% in the company. US securities laws require BAT to announce its merger proposal promptly after it was made to the Board of Reynolds. As a result, BAT has been unable to have prior negotiations with Reynolds regarding the proposal….

Taylor Wimpey has purchased land for 96 plots at Harworth's Torne Park development – the former Rossington Colliery. The plots already have detailed planning consent in place and Taylor Wimpey will deliver a mixture of detached and semi-detached homes. …

Further to its announcement dated 12 September 2016, the Company is pleased to announce the following information in relation to the conversion of its C Shares….