Equals Group Plc (GB:EQLS) has released an update.
Equals Group Plc has received a preliminary cash offer proposal from a consortium for the acquisition of the company at 135 pence per share, pending completion of due diligence and finalization of financing. The Takeovers and Mergers Panel has granted an extension for the consortium to declare a firm intention to make an offer by 4 September 2024. Investors are cautioned that there is no guarantee an offer will be made, and terms could change with board agreement or under certain conditions.
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