Crimson Tide (GB:TIDE) has released an update.
Crimson Tide PLC has rejected a revised all-share takeover proposal from Checkit plc, which followed an initial offer deemed inadequate by Crimson Tide’s Board. Additionally, the company has received a tentative cash offer from Ideagen Limited at 312 pence per share, which is currently under consideration. Shareholders have been advised that further updates will be provided as the situation develops.
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