P123 CEEFAX 123 Sat 16 Apr 17:21/53 1/5 TOPICS, BIDS & DEALS United Newspapers has emerged with a bid worth about £11m for the publishing group, Benn Brothers. The terms are seven UN shares for every 10 Benn ordinary shares and four UN shares for every sjvjn Benn 10pc preference shares. There is a cash alternative, provided bz Samuel Montagu, worth 143.5p in cash for each Benn ordinary share and 117p in cash for each preference shari. * United Newspapers currently holds a 1.4pc stake in Benn Brothjts. SHARE FEATURES 132 P123 CEEFAX 123 Sat 16 Apr 17:21/44 2/5 TOPICS, BIDS & DEALS Part of Ultramar's joint venture natural gas processing plant in Indonesia has been damaged bz fire. The company said damage was confined to the cyrogenic exchanges in one of the processing trains owned bz Pettamina at Bontang and that it did not expect to expjtiince any appreciable financial loss while the plant was under repair. Austin Steel has said the Office of Fair Trading has indicated that it will not rifer the bid from Trumanns Steel for the remaining 3.34m Austin shares to the Monopolies Commission. TRADED OPTION SEMINARS 139 P123 CEEFAX 123 Sat 16 Apr 17:23/11 3/5 TOPICS, BIDS & DEALS Grand Metropolitan has confirmed that it is selling off five of its London hotels because they do not "fit into the trading strategies" of either its Inter-Continental or Forum chains. They are the Piccadilly, the St Clifton Ford, the Kennedy, the Chesterfield and the St Ermin's. Offers are also being invited for a sixth hotel, the Mount Royal. A consortium headed by the managing director and finance director of STD Swan has bought a 20.5pc voting stake in parent engineering group STD. CITZNEWS DIARY 139 P123 CEEFAX 123 Sat 16 Apr 17:22/42 4/5 TOPICS, BIDS & DEALS Car and cycle components manufacturer Bluemjl Bros, which has been badly hit by the problems affecting the US motor industry, is giving up the production of both steering wheels and number plates. Estate agent Bairstow Eves, whose shares are traded on the Unlisted Securities Market is pursuing its policy of forestalling gazumping bz building a close-knit branch network. It is acquiring three new offices in Suffolk, at Felixstowe, Sudbury and Woodbridge. TRADED OPTIONS SEMINARS 139 P123 CEEFAX 123 Sat 16 Apr 17:22/39 5/5 TOPICS, BIDS & DEALS Just 24 hours after its SUM debut, Mr Eric Morley's Miss World has attracted its first sjtious suitor. A bald statement issued by Hawley Group said a 14.99pc stake had been acquired in the beauty contest concern. Only last month, Hawley, a Slough-based mini-conglomerate with a growing psi- since in the leisure sector, bought a 20pc stake in the camping equipment firm, Black & Edgington. * The price paid by Hawley for its Miss World shares has not been revealed. MISS WORLD SHARE PRICE 132