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 been targeted for a cash acquisition by Geologist Bidco Limited, a company backed by private equity firm KKR. The acquisition process, structured as a court-sanctioned scheme of arrangement, follows a letter of intent by Charles Stanley & Co Ltd, which has since reduced its shareholding in IQGeo. Despite recent share sales by Charles Stanley, it retains a 7.53% stake in IQGeo, with overall support for the deal representing approximately 55.81% of IQGeo’s issued share capital as of the latest announcement.
For further insights into GB:IQG stock, check out TipRanks’ Stock Analysis page.
