UPDATE Clegg moves to take over rest of New Image and delist

Fri, 18 Jan 2013

Jan 18 (BusinessDesk) - New Image Group’s chairman Graeme Clegg is moving to take the colostrum-based health tonic maker private, saying a market listing no longer makes sense. On the same day the company disclosed the bid it announced the resignation of chief financial officer Murray Page, who was hailed as a talented individual at the annual meeting last November. New Image Trustee Ltd, a company controlled by Clegg, is offering 26 cents a share. The offer, which closes on March 29, is subject to a number of conditions, including acceptance...

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