Attwoods offered 125 million PDS for U.K. business.COCONUT GROVE, Fla.--(BUSINESS WIRE)--Nov. 29, 1994--Attwoods plc has been offered 125 million PDS (1) (Processor Direct Slot) A single expansion slot on certain, early Macintosh models that was used to connect high-speed peripherals as well as additional CPUs. Providing a channel directly to the CPU, the PDS coexisted with NuBus slots on some models. for its U.K. business if Attwoods retains its independence. Following a detailed review of the U.K. business, Cleanaway, the waste management joint venture between Brambles and GKN GKN Guest, Keen & Nettlefolds (British global engineering company) GKN Global Knowledge Network GKN Gemeenschappelijke Kernenergiecentrale Nederland GKN Global Korean Network GKN Iks Gorkon (Star Trek novel Series) , has offered, subject to contract, to acquire Attwoods' U.K. waste collection business. The offer is conditional on detailed due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and the disposal of the U.K. business' quarrying and mineral assets. Equivalent arrangements have already been entered into, subject to contract, for the disposal of these assets to a third party. Based on this, Attwoods has agreed to enter into a period of exclusivity with Cleanaway in relation to the business following the lapsing of the BFI BFI - brute force and ignorance offer. Ken Foreman, chief executive of Attwoods commented: "The offer price, representing a multiple of 1.9 times sales, further underlines our confidence that our break-up plan will realize greater value than the BFI offer and is achievable within the timescale timescale Noun the period of time within which events occur or are due to occur timescale n → délais mpl timescale time (Brit) n we have set for ourselves. We continue to urge shareholders to let the BFI offer lapse (language) LAPSE - A single assignment language for the Manchester dataflow machine. ["A Single Assignment Language for Data Flow Computing", J.R.W. Glauert, M.Sc Diss, Victoria U Manchester, 1978]. so that we can implement our plan for the benefit of shareholders." CONTACT: Attwoods plc
Ken Foreman, 305/856-4455
or
Smith Barney Inc., New York
Bruce Cummings, 212/698-6745
or
Cleanaway Ltd.,
Gerben Westra or Paul Levett, 011-44-277-234-567
or
S.G. Warburg & Co. Ltd.
Robin Budenberg, 011-44-71-860-1090
or
Morgan Grenfell & Co. Ltd.
James Britton, 011-44-71-588-4545
or
Attwoods plc - U.S. office, Coconut Grove
Kim Janusz, 305/856-4791
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