30.11.2007

Speedy quashes A-Plant speculation

Speedy Hire has issued a public statement dismissing speculation in the Financial Times that it is looking at a take over of A-Plant

The text of the announcement is as follows:

“The Board of Speedy Hire has noted the recent speculation in the Financial Times that it is currently contemplating the acquisition of A-Plant from Ashtead Group PLC.

“The Board of Speedy Hire wishes to emphasise that no such acquisition is being considered. Moreover, as was stated in the interim results released on 28 November 2007, the Company is currently focussed on maintaining the positive progress it is making in the integration of its acquisition of the Hewden Tools division from Hewden Stuart plc.

Until that process is complete the Board can confirm that there will be no further significant acquisitions undertaken.”