Alle Storys
Keine Story von onExchange, Inc. mehr verpassen.

onExchange, Inc.

Oneexchange, Inc. announces its response to speculation of an offer for Rolfe & Nolan PLC

Boston (ots)

onExchange, Inc. announces today, in response to
public speculation that it has recently made an approach to acquire
Rolfe & Nolan, a clarification of its recent discussions with Rolfe &
Nolan. onExchange approached the board of Rolfe & Nolan, by letter on
29 July 2002 with a conditional, indicative all-cash offer of 85
pence per Rolfe & Nolan share. This represented a premium of 50 per
cent over the then share price of 56 pence and valued Rolfe & Nolan
at approximately £12.5 million. The board of Rolfe & Nolan rejected
this conditional, indicative offer. onExchange is still considering
its options in relation to whether it will make a formal offer for
Rolfe & Nolan.
Commenting on the recent public speculation, Richard Jaycobs,
chairman and chief executive officer of onExchange said: "We felt it
was important, in light of public speculation and the recent rise in
Rolfe & Nolan's share price, to clarify the current relationship
between onExchange and Rolfe & Nolan, and the recent history between
the two companies."
About onExchange
onExchange, Inc. provides an open standards backoffice technology
to clearinghouses, banks, and brokerages. Its technology has been
selected for use in post trade processing applications by global
institutions such as the London Clearing House. onExchange technology
partners include BEA Systems Inc., Oracle Corporation and HP
solutions. The Company is privately held and headquartered in
Cambridge, MA. Its Web site address is
No offer has been announced. This announcement does not constitute
an offer to exchange or sell or an offer to exchange or buy any
This information is provided by RNS
      The company news service from the London Stock Exchange


Delta Markets Group:
Peter Burton
Phone: +1/212/627'48'68

onExchange, Inc.
Richard Jaycobs
Phone: +1/617/665'91'05