Checkit plc Proposes Strategic Acquisition of Crimson Tide

Checkit plc (GB:CKT) has released an update.

Checkit plc, a company specializing in augmented workflow and smart sensor automation, has proposed an all-share acquisition of Crimson Tide plc, aiming to create a scaled workflow software company with enhanced market attractiveness and shareholder value. The offer suggests a 12% premium over Crimson Tide’s last closing price, with Crimson Tide shareholders owning approximately 30% of the combined entity. This strategic move is expected to benefit both companies through increased scale, customer offerings, and market reach, particularly in the US.

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