Mccoll Eyes Merger As He Takes Aim at Market Valuation

The ScotsmanMay 26, 2010

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Summary


SHARES in engineering firm Clyde Process Solutions rose more than 8 per cent yesterday despite its chairman claiming the market it was listed on was "wrong".

Entrepreneur Jim McColl, the founder of Clyde Blowers, hit out at the Alternative Investment Market (Aim), claiming the Doncaster- based firm was worth twice its GBP 17 million market capitalisation. He confirmed that he was considering merging the company with another and taking it onto the main London market.

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Mccoll Eyes Merger As He Takes Aim at Market Valuation

CPS's latest financial statement values the firm's net assets at GBP 37m.

The group, which spec...

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