Edition:
India

Statpro Group Says Gets £161.1 Mln Cash Takeover Offer


Friday, 20 Sep 2019 

Sept 20 (Reuters) - StatPro Group PLC ::RECOMMENDED CASH OFFER.UNDER TERMS OF ACQUISITION, EACH STATPRO SHAREHOLDER WILL BE ENTITLED TO RECEIVE: FOR EACH STATPRO SHARE HELD 230 PENCE IN CASH.ACQUISITION VALUES ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF STATPRO AT APPROXIMATELY £161.1 MILLION ON A FULLY DILUTED BASIS.BOARDS OF DIRECTORS OF CONFLUENCE AND STATPRO ARE PLEASED TO ANNOUNCE THEY HAVE REACHED AGREEMENT ON TERMS OF A RECOMMENDED ALL CASH OFFER.BIDCO WILL ACQUIRE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF STATPRO.BIDCO GOT SUPPORT FOR ACQUISITION FROM STATPRO SHAREHOLDERS HOLDING 32.6 MILLION SHARES, REPRESENTING ABOUT 49.4% OF STATPRO. 

Company Quote

228.0
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15 Oct 2019