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Flying Brands mulls West Coast Capital approach
Friday August 8th 2008
Shares in Flying Brands have risen today following an approach by Sir Tom Hunters bid vehicle.
The company said "further to recent speculation, Fl ying Brands Limited confirms that it has received a very preliminary approach from West Coast Capital. This approach is at a very early stage and there can be no certainty that it will lead to an offer being made for the Company."Last week Flying Brands announced that profits for the half year had fallen to £1.2m from £2.7m in 2007.
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