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

Duncan Tift
Duncan Tift
Deputy Editor, West Midlands

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 – and one of the b... for the full story register now for free or login below...

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