BRK mounts £35m bid to acquire safety products firm Sprue Aegis

COVENTRY based safety products manufacturer Sprue Aegis is set to be taken over by one of its major shareholders in a near £35m deal designed to maximise the potential of the business.

On April 7 Sprue Aegis entered into a standstill agreement with Jarden Corporation which restricted Jarden's ability to increase its interest in Sprue Aegis' share capital above 29.9%. The standstill agreement expired earlier this month.

Smoke alarm supplier BRK, a wholly-owned subsidiary of Jarden Corporation – a... For the full story register now for free or login below...