Faber Prest offer agreed

Thursday 05 March 1998 00:02 GMT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Faber Prest offer agreed

HARSCO CORP of the US has agreed a 500p a share cash offer for Faber Prest which values the British company at around pounds 55.9m. Faber Prest provides services to the steel industry. The offer represents an 8.1 per cent premium to Faber Prest's share price of 462.5p yesterday, and a 110.5 per cent premium to its share of 237.5p on 5 November, the day before the British company said it was in talks that could lead to an offer. The shares closed yesterday at 494p.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Faber Prest offer agreed

Join our commenting forum

Thank you for registering