ANC

Angus & Coote (ANC) was the best performing company of the week (Week 47 of 2006) on the Australian sharemarket. (Winner of the week) The ANC share price closed the week 36 percent higher after accepting a bid from a rival jeweller. James Pascoe, a New Zealand jeweler offered ANC $6.40 per share, valuing the Australian jeweller at $76 million. James Pascoe already owned 15 percent. The move makes James Pascoe Australasia's largest jeweller. Angus & Coote's major shareholder is the Coote family who hold 60 percent.