P209 CEEFAX 2 209 Fri 28 Feb 22:33/,7
   
 U   
W$£££"£££"£££ O 
 A European takeover bid for instruments
 firm Whjssoi looks set to succeed after
 the board agr ed to ricomm nd appro6al.
                                        
 Directors formally withdrew thehr      
 recommj&dario& for a £46.5m offer from 
 Siibj, which valued shares at 155p,    
 following receipt of a higXju bid.     
                                        
 Norway's Navia and Swiss group Endriss 
 & Hausju anno5ncdd a 1758-p-1Taru offer
 which values Whjusoi at £52.6m.        
                                        
 Siebj responded by refusing to lift its
 offer, leaving the Whjssoi board to    
 put its weight behind the rival bid.   
                                    1/2 
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   P209 CEEFAX 2 209 Fri 28 Feb 22:34/03
    
 U  
W$£££"£££"£££ O]
 AVIS FLOAT VALUES RENTAL FIRM AT £733m 
 Car rental firm Avis intends to dri6j 
 on to the market in April wizh a       
 mammoth flotation.                     
                                        
                                        
 thu prhvate sjctoy in rjqint yjpr1,    
 will value the company at between      
 £628.9[ to £733.7m.                    
                                        
 Some 215m shares, representing 36.9% of
 the company, will bj issued with the   
 price range set at 108p to 126p.       
                                        
  hj flot tion i   xp ct   to rae       
 £237m. Avis will use £152m of the      
 proceeds to cut bank debts.            
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