Webinvest wins bid acceptance

Tuesday 07 April 1998 23:02 BST

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.

Webinvest wins bid acceptance

WEBINVEST, the unit of Investcorp that is bidding to take over Watmoughs, the printing company, has received acceptances for about 50.05 per cent of the share capital. The offer has been declared unconditional as to acceptances. The company is still awaiting the ruling of the Office of Fair Trading. Investcorp also said no job losses among the manufacturing workforce was expected to occur as a direct result of the merger of British Printing Company and Watmoughs, although existing rationalisation plans of both companies, amounting to an 350 jobs losses from a combined workforce of 6,000, will be implemented.

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

Webinvest wins bid acceptance

Join our commenting forum

Thank you for registering