Eckoh plc (GB:ECK) has released an update.
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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.
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