Newport outwits Petchey

15 October 1999

Lewin, chief executive of Newport, who is trying to beat off a 120p-a-share offer from Petchey’s Trefick vehicle, made his decisive move on 1 October. He and non-executive director Eric Gadsden snapped up more than a million shares at 120p each to give the management and its supporters 46% ...

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