Crimson Tide (GB:TIDE) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Crimson Tide PLC has acknowledged a preliminary all-share offer from Checkit plc but expressed disappointment in the offer’s terms, citing undervaluation and governance concerns. The company highlights its strong position with a new CEO, solid financials, and an enhanced mpro5 app, suggesting confidence in its standalone prospects. Shareholders have been advised to await further announcements as the deadline for Checkit to declare a firm intention to offer is set for 2 July 2024.
For further insights into GB:TIDE stock, check out TipRanks’ Stock Analysis page.
