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TSO rebuffs latest sell-off rumours.
Byline: mark chillingworth
TSO rebuffs latest
sell-off rumours
Mark Chillingworth
Former state-owned publisher, The Stationary Office (TSO), has rebuffed reports that it is due to be sold off by its majority stakeholder, Apax Venture Capital Partners. Reports in the Daily Telegraph claim that TSO could fetch [pounds sterling]100m.
"As a company owned by venture capitalists there are rumours about our sale all the time," said James Duffield, PR manager at TSO, adding that no further comment would be made from the publisher.
Apax owns 71% of TSO and has invested in companies such as IWR's publisher, VNU, in the past. If TSO was sold, chief executive Tim Hailstone, senior management and the staff would net a windfall -- 29% of the company is in their hands.
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...Cerbera, Tuscan and T350, the TSO's lines are exceptionally clean...precision and speed. The entry level TSO is priced at 39,950 pounds Sterling and delivers 350HP with a 5...transmission and 17 inch wheels. The TSO R/T is priced at 44,950 pounds...
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- Press release article from: PR Newswire Europe November 16, 2004 700+ words
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Source: HighBeam Research, TSO rebuffs latest sell-off rumours.