Ashcroft Cleans Up Again with Onesource Sale

Daily MailOctober 09, 2007

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Summary


CONSERVATIVE Party financier Michael Ashcroft is about to add to his Pounds 800m fortune after agreeing to sell his cleaning and repairs firm OneSource Services to US group ABM Industries for Pounds 179m.

Ashcroft, who owns 74pc of OneSource, will personally pocket around Pounds 132.5m.

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Extract


Ashcroft Cleans Up Again with Onesource Sale

The 4,810p a share deal represents a massive 623pc premium to last Friday's closing price of 665p. Unsurprisingly...

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