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HANSON OFFER FOR BEAZER WARRANT ADJUSTMENT FORMULA

 HANSON OFFER FOR BEAZER WARRANT ADJUSTMENT FORMULA
 NEW YORK, Dec. 5 /PRNewswire/ -- Hanson PLC (ADR - NYSE: HAN), on


behalf of HB Acquisitions PLC, a wholly owned subsidiary of Hanson, announced today that in accordance with the warrant adjustment formula, the number of new Hanson warrants to be issued in respect of each Beazer ordinary share will be 1.38. Accordingly, the total consideration per Beazer ordinary share amounts of 90p in cash and 1.38 new Hanson warrants.
 Trading in the Class B new Hanson warrants is expected to commence today on a when-issued basis on the American Stock Exchange. Trading in the Class C existing warrants is also expected to commence today on the American Stock Exchange.
 -0- 12/5/91
 /CONTACT: Robert M. Brier of Hanson Industries, 212-826-0098/
 (HAN) CO: Hanson PLC ST: IN: SU:


CK -- NY032 -- 9557 12/05/91 10:05 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 5, 1991
Words:146
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