The TT Group Plc industrial and packaging organisation looks eventually to have past the finishing post with its bid for Crystalate Holdings Plc, claiming just before midday last Friday that it had acquired or received acceptances in respect of 56% of Crystalate’s shares: earlier in the day TT had stated that it was in control of 50.35% of Crystalate’s shares – but Crystalate countered by pointing out that with preference share capital included it only amounted to 49.9%; Crystalate was refusing to comment on the situation until it had had talks with its banker.
