Rumours have emerged that the Singer & Friedlander Group, owners of Singer & Friedlander Factors Ltd, are about to succumb to a takeover bid worth Ј750million, unless it can secure rapid success with its plan to spend Ј400million on fund manager acquisitions.
Source: Zephus
BCR Comment
This rumour follows last week’s disclosure of company accounts for Singer & Friedlander Factors Ltd for the year ended 31 December 2000. The accounts disclosed for Singer & Friedlander Factors Ltd recorded a pre-taxation loss of Ј1,334,757, their first loss in recent years.
The rumours do not extend so far as to suggest a prospective buyer.