Augean updates market on possible takeover

HAZARDOUS waste company Augean has moved to outline its position following recent movements in its share price.

The Wetherby-based company said it remained in an offer period following a number of preliminary takeover approaches.

Augean said it was in discussions “which may or may not lead to an offer being made for the company”.

It said there was no certainty that an offer would be made and that a further announcement updating shareholders on the situation would be made “when appropriate”.

Augean has been active in the acquisitions market over the past year – growing rapidly by acquiring other businesses.