Dennis/Henlys merger battle
20th August 1998, Page 16
20th August 1998
Page 16
Page 16, 20th August 1998
— Dennis/Henlys merger battle
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by Colin Barnett • The proposed merger between Dennis and Henlys (CM 6-12 August) has developed into a boardroom battle. Henlys' rival Mayflower, the vehicle body building group, immediately reacted to the proposed merger by launching a hostile £255m bid for the bus chassis and specialist vehicle maker. Since the original offer, Volvo has stepped in to support Henlys' position by announcing its intention to buy 10% of the Henlys Group. Last Friday Henlys tabled an improved offer of shares and cash for Dennis.
VED rates are going to be first." Taylored operates 40 artics, all on six axles, and has branches in Skelmersdale and Felixstowe plus a warehouse in Hatfield.