28 September 2010 – possible offer
Cooper Safety Ltd, a UK subsidiary of Cooper Industries plc has announced that it is evaluating a possible cash offer for the entire issued and to be issued share capital of Mount Engineering. Mount Engineering is considering its position and is consulting with its advisers. The company has said that it will seek to engage in dialogue with Cooper to further understand the precise details and terms of its proposed offer. A further announcement is to be made in due course. It remains unclear whether Redhall Group will increase their recommended cash offer of 70p per share, which is initially open for acceptance until 1pm on 13 October. For now, AWAIT DEVELOPMENTS.