IQGeo Group PLC (GB:IQG) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
IQGeo Group PLC has announced a recommended cash acquisition by Geologist Bidco Limited, a company owned by KKR funds, to be carried out through a court-sanctioned scheme of arrangement. Following the initial agreement on 14 May 2024, Charles Stanley & Co Ltd has sold portions of its IQGeo shares, reducing its intent to support the acquisition from 9.93% to approximately 5.67% of IQGeo’s share capital. The acquisition involves over half of IQGeo’s issued ordinary share capital, representing a significant change in the company’s ownership structure.
For further insights into GB:IQG stock, check out TipRanks’ Stock Analysis page.
