West Ferry Printers joint owners, Hollinger and Northern & Shell (N&S), will have to wait another week for a verdict from the High Court that could determine the future of the Docklands plant.
Last Friday (13 July) the vice chancellor of the chancery division, Sir Andrew Morritt, said he would reserve judgement for two weeks on the case.
The outcome will decide if Hollingers letter of intent to buy N&S share of West Ferry was completed in accordance with the original formula agreed with former Express owner United News & Media.
The ruling could also determine how the price for N&S 50% stake would be worked out.
A spokeswoman for N&S said: "We await the verdict with interest and a measure of confidence."
Have your say in the Printweek Poll
Related stories
Latest comments
"I have worked in quite a few print sectors, including Walstead in the past. It is all tough, but most will not be surprised that the packaging sector is still growing. However, the service in the..."
""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
Up next...
Revenue up to £3.2m, profits quadupled
Footprint picks up pace of acquisition strategy with Swindon’s C3
Controversy emerges over relationship with potential suitor
National World shares soar on takeover approach
24/7 access for customers
Bakergoodchild launches new SaaS platform
Strategic move for global growth