Burnfield high noon

Some 67.63% of measuring instrument maker Burnfield’s shareholders have accepted an unsolicited offer from the Fairey engineering group. At today’s Burnfield EGM Fairey is expected to block Burnfield’s proposed £24m acquisition of vibration testing equipment firm Ling Dynamic Systems. Fairey does not think Ling fits within its process instrumentation portfolio as it has `a very […]

Some 67.63% of measuring instrument maker Burnfield’s shareholders have accepted an unsolicited offer from the Fairey engineering group. At today’s Burnfield EGM Fairey is expected to block Burnfield’s proposed £24m acquisition of vibration testing equipment firm Ling Dynamic Systems. Fairey does not think Ling fits within its process instrumentation portfolio as it has `a very high degree of make-to-order for large engineering customers,’ said John Poulter, chairman of Fairey.