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Wogen gets a 41p share offer
METALS trader Wogen said yesterday it had received an £18.6m approach from its executive directors and the company’s co-founder, Colin Williams.
An offer, if made, will be in cash and priced at 41p per share.
In a separate statement, the specialty metals and minerals trader said it swung to a pre-tax loss of £3m in the six months to end-March from a £2.3m profit in the year-earlier period. It also scrapped its interim dividend. The Aim-listed company said “volumes and trading remain low.”