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The latest update is out from FD Technologies ( (GB:FDP) ).
FD Technologies announced a proposed tender offer to return up to £120 million to shareholders following the disposal of its First Derivative Business. The offer, priced at £19.50 per share, represents a premium over recent share prices and aims to provide flexibility for shareholders to either reduce their holdings or maintain their investment. The company plans to cancel all shares acquired through the offer, potentially enhancing earnings per share. If the tender offer is undersubscribed, the company may issue a special dividend to ensure the full £120 million is returned to shareholders.
More about FD Technologies
FD Technologies operates in the technology sector, focusing on data analytics through its subsidiary, KX. KX provides high-performance analytical databases that enable organizations across various industries, such as investment banking, aerospace, and healthcare, to leverage data for faster and informed decision-making.
YTD Price Performance: 64.52%
Average Trading Volume: 49,506
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £534.1M
Learn more about FDP stock on TipRanks’ Stock Analysis page.
