Equals Group Plc (GB:EQLS) has released an update.
Equals Group Plc is considering an improved non-binding, all-cash acquisition proposal from a consortium led by Railsr and TowerBrook Capital Partners, priced at 135 pence per share. The company is facilitating final due diligence for the consortium, who now have until 7 August 2024 to either confirm their intention to make an offer or withdraw, as granted by an extension from the Panel on Takeovers and Mergers. Despite the progress, there remains no certainty that the offer will materialize.
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