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Telent acquired by Holmar Holdings
The boards of Holmar and telent have announced that they have reached agreement in principle on the terms of a possible recommended cash acquisition by Holmar of telent.
The acquisition price of 529.5 pence per telent share values the Diluted Share Capital of telent at approximately £346 million as at 19 June 2006, being the last business day prior to the announcement. Since this is an acquisition by an investment company, there are currently no plans to change the business direction, or branding of the company.
