API Group PLC
13 April 2005
13 April 2005
FOR IMMEDIATE RELEASE
API Group plc ('API' or 'the Company')
On 11 February 2005 the Board of API announced that it had received a
preliminary approach, which may or may not lead to an offer being made for the
Company. The Board has noted the recent press speculation and confirms that it
is in continuing discussions with Illinois Tool Works, Inc ('ITW'). These
discussions have also included API's largest shareholders. Agreement has not
yet been reached on the terms of an offer and there can be no assurance that an
offer will be forthcoming.
The Board, which is being advised by Close Brothers, will issue a further
statement in due course.
Enquiries
David Walton, Chief Executive
API Group plc 020 7653 3300
Tim Spratt
Financial Dynamics 020 7831 3113
Peter Alcaraz
Close Brothers 020 7655 3100
This information is provided by RNS
The company news service from the London Stock Exchange
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