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Pointer Buying Norman

10th July 1964, Page 32
10th July 1964
Page 32
Page 32, 10th July 1964 — Pointer Buying Norman
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Which of the following most accurately describes the problem?

A GREEMENT has been reached for

Pointer Group Holdings Ltd. to acquire the whole of the share capital of R. C. Norman (Holton) Ltd., of Holton, Suffolk, for £27,125 cash, Norman is a producer and distributor of graded aggregates and is also engaged in general road haulage.

The agreement provides that upon completion Norman shall acquire for £65,000 in cash the Holton gravel pit, which has for many years been operated by Norman. Mr. R. C. Norman is to continue as a full-time working director of the company.