Tenon Ltd said today it had received a number of formal proposals after effectively putting its Structural Solutions business on the block in September.
Chairman Tony Gibbs said in September the company would assess “credible unsolicited approaches” to buy its Structural Consumer Solutions business. The company deferred its annual meeting from 28 October so its review of Structural’s future and a capital return could be considered at the same meeting, which will now be held on Wednesday 22 December.
The company said today it intended to allow selected parties to carry out further investigations on the business. Meanwhile, it would be business as usual in terms of the company’s commitment to its customers & employees.
10 September 2004: Tenon to consider offers for Structural division