Preston enter talks over takeover

02 June 2010 09:15
Preston North End are holding discussions with Deepdale PNE Holdings Limited over a potential takeover.The talks follow Preston North End plc being served with a winding up petition by HM Revenue and Customs on 14 May, with shares in the company suspended. [LNB]A stock exchange statement said: "There can be no certainty that an offer will be made or as to the terms on which any offer would be made. [LNB]"A further announcement will be made in due course, if and when appropriate." [LNB]DPNE, a newly-formed company controlled by Lancashire businessman Trevor Hemmings, is associated with Guild Ventures Limited, the largest shareholder in Preston North End plc, holding 28.02% of the ordinary shares in the company.

Source: BBC_Sport