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Crosby Confirms Forsyth Deal

Stephen Harris

7 September 2007

Crosby Capital Partners has confirmed that it has entered into a memorandum of understanding with Forsyth Partners Group to acquire certain assets from Forsyth, according to a statement. The agreement is non-binding and is subject to a number of conditions, but Crosby is hopeful the remaining regulatory and administrative conditions will be met in the next few days and the negotiations taken to a successful conclusion. Details of any transaction, if successfully completed, will be made public in due course, the statement says.