Unisouth share offer looms

PUBLISHED : Monday, 28 June, 1993, 12:00am
UPDATED : Monday, 28 June, 1993, 12:00am

A GENERAL offer for shares in textile manufacturer Unisouth Holdings may be made, according to a company statement issued yesterday.

''The controlling shareholders of Unisouth have been contacted by a number of independent third parties which are presently formulating proposals concerning Unisouth which may result in an acquisition of shares in Unisouth, giving rise to an obligation to make a general offer,'' the statement said.

But no firm intention to make an offer had been notified to the board, it said.

Neither the proposals nor a general offer will definitely take place.

The company urged shareholders to exercise extreme caution in dealing in the group's shares, which have recently risen in price and trading volume.