The Mission Group plc (GB:TMG) has released an update.
The MISSION Group plc has unanimously rejected an unsolicited takeover bid by Brave Bison Group plc, considering it significantly undervalues the company and its prospects. The offer, composed of an all-share swap, was seen as opportunistic by MISSION’s board, especially since it would result in their shareholders owning just 45% of the merged entity, a figure not reflective of MISSION’s true contribution. Shareholders have been advised to take no action as the company continues to explore its own value restoration plan and potential asset sales to reduce debt.
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