Eckoh plc (GB:ECK) has released an update.
Eckoh PLC is in the spotlight after confirming discussions with a private equity investor for a potential company sale, following a period of evaluating strategic options to enhance shareholder value. The negotiations, which began after appointing financial advisors earlier this year, have led to a non-binding indicative offer of 54p per share, though no certainty of a formal offer exists yet. Shareholders and interested parties are now in an ‘Offer Period’ as defined by the Takeover Code, with further announcements promised as developments unfold.
For further insights into GB:ECK stock, check out TipRanks’ Stock Analysis page.