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Plate Glass & Shatterprufe: up on cautionary

15 April 1999: Shares in South African manufacturer and distributor Plate Glass & Shatterprufe Industries Ltd. rose after it announced agreement in principle had been reached with a US company to acqu…

15 April 1999: Shares in South African manufacturer and distributor Plate Glass & Shatterprufe Industries Ltd. rose after it announced agreement in principle had been reached with a US company to acquire a firm in which it has a significant interest. Recently, the counter was up 4.55% to 34.50 rand on volume of 6,600 shares. It said in the cautionary that agreement in principle has been reached regarding the acquisition by the Formica Corporation of the entire share capital of PS Bison Ltd., in which Plate GL has a 75% interest.

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