JCG has control

JCG Holdings has announced that it has received valid acceptances for 213.28 million shares representing about 50.8 per cent of the voting rights of Winton Holdings (Bermuda) by December 16, the first closing date of the offer.

Together with the Winton shares JCG Holdings has agreed to acquire, it will hold about 85.2 per cent of the voting rights.

The company also said the period during which the offer will remain open for acceptances had been extended to January 2, 1996.