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Tanfield ( (GB:TAN) ) has shared an announcement.
Tanfield Group PLC announced a significant development in its ongoing legal proceedings concerning its investment in Snorkel International Holdings LLC. The court has confirmed that Snorkel exercised its Call Option to acquire Tanfield’s 49% interest, requiring payment of the Preferred Interest and Option Price. This decision is viewed positively by Tanfield, although the exact Option Price remains contested and will proceed to trial. The trial has been delayed to March or April 2026 due to ongoing procedural matters, but Tanfield remains optimistic about future outcomes.
More about Tanfield
Tanfield Group PLC operates in the aerial work platform industry and holds a 49% stake in Snorkel International Holdings LLC, a company involved in manufacturing aerial work platforms. The company is focused on its investment in Snorkel, which is part of a joint venture with Xtreme Manufacturing LLC.
Average Trading Volume: 38,305
Technical Sentiment Signal: Hold
Current Market Cap: £7.98M
Find detailed analytics on TAN stock on TipRanks’ Stock Analysis page.