Equals Group Nears Potential Takeover Bid

Equals Group Plc (GB:EQLS) has released an update.

Equals Group Plc, a finance and technology solutions provider, is in advanced talks with a consortium for a potential all-cash acquisition of its shares at 135 pence each. The consortium, which includes Railsr, TowerBrook, and JC Flowers, has nearly completed due diligence, prompting Equals to obtain an extension on the ‘put up or shut up’ (PUSU) deadline to 30 October 2024. While negotiations progress, there remains no certainty that an offer will be made.

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