Thursday, September 22, 2005

Online News

Herbertsons, McDowell swap at 3:2

The board of directors of Herbertsons today approved the scheme of arrangement for amalgamation with McDowell and Company.

According to a release issued by Herberstons to the BSE today, three shares of the company will fetch investors two fully paid-up equity shares of Rs 10 each of McDowell and Company.

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