AMVESCAP Response to Press Speculation.LONDON London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. -- AMVESCAP notes the press speculation regarding the possible interest of CI Fund Management Inc ('CI') in AMVESCAP 's Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. operations and the consequent con·se·quent adj. 1. a. Following as a natural effect, result, or conclusion: tried to prevent an oil spill and the consequent damage to wildlife. b. movement in AMVESCAP's share price. AMVESCAP confirms that it has received an unsolicited un·so·lic·it·ed adj. Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions. unsolicited Adjective indicative approach from CI to acquire AMVESCAP's Canadian operations . The Board of Directors of AMVESCAP has considered this indicative approach and has unanimously concluded that it is not in the best interests of shareholders. CI has also indicated that it might have an interest in attempting to acquire the whole of AMVESCAP though it has given no indication of any conditions or financing arrangements. The board of AMVESCAP doubts that CI has the ability to make a firm offer for AMVESCAP at a level that would be in the best interests of AMVESCAP's shareholders. |
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