MOUNT Engineering, the York-headquartered manufacturer whose board accepted an offer from Wakefield engineering group Redhall to buy the business last week is consulting with its advisers on a competing offer made for the company.
Mount confirmed today that it was considering its position and would seek to engage in dialogue with Cooper Safety, a UK subsidiary of Cooper Industries to further understand the precise details and terms of the offer it made yesterday.
Cooper said it was evaluating a possible offer of 78 pence per share, outbidding Redhall’s 70 pence per share offer, which valued the business at £16.42 million.
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