Argos to go independent.Byline: Neil Hodgson Neil Hodgson (born November 20 1973 in Burnley, Lancashire) is a motorcycle racer who won the 2000 British Superbike championship and the 2003 Superbike World GREAT Universal Stores plans to demerge De`merge´ v. t. 1. To plunge down into; to sink; to immerse. The water in which it was demerged. - Boyle. its Argos catalogue chain and business services group Experian, it said today. Both will be independently listed on the stock exchange within the next year, subject to shareholder approval, said a company statement. In a move that mirrors the previous hiving off of its popular Burberry fashion line, the demerger will allow existing stakeholders to continue to benefit from their investments in both businesses. But bosses also plan to issue up to 15% of new shares in Experian at the time of the demerger. Management at both firms will remain in place. GUS GUS Gemeinschaft Unabhängiger Staaten (German: CIS) GUS Gravis Ultrasound GUS Great Universal Stores GUS Grown Up Soda GUS Giornalisti Uffici Stampa (Italian) GUS Guide to the Use of Standards chairman Sir Victor Blank said today: "The separation is the final step in focusing GUS on fewer activities, a strategy that has delivered substantial value for shareholders." Both divisions were well positioned with proven management teams. The group is paying a special contribution of pounds 100m into its two defined benefit pension schemes, after a pounds 76m payment a year ago. |
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