Welsh Water in Swalec discussions

Saturday 02 December 1995 00:02 GMT

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Welsh Water in Swalec discussions

Welsh Water was in intensive discussions yesterday with its advisers over whether to launch a hostile pounds 850m bid for Swalec, the South Wales electricity company, which the City believes could come as early as Monday. On Thursday, Swalec rejected an informal 916p-a-share offer to secure board agreement, and Welsh Water said a hostile bid was one of its options.

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