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Rosebank Industries Plc ( (GB:ROSE) ) just unveiled an announcement.
Rosebank Industries Plc has confirmed discussions with Cerberus Capital Management regarding a potential acquisition of Electrical Components International, Inc. (ECI), a leading US-based manufacturer of electrical distribution systems. The acquisition aligns with Rosebank’s strategic goals and would be funded through equity and debt. Trading of Rosebank’s shares on AIM has been temporarily suspended pending further documentation.
More about Rosebank Industries Plc
Rosebank Industries Plc is a newly established company focused on acquiring businesses with strong fundamentals and potential for operational improvement. The company aims to enhance shareholder value by working with management teams to drive sustainable long-term performance.
YTD Price Performance: -13.14%
Average Trading Volume: 4,879
Technical Sentiment Consensus Rating: Strong Buy
Find detailed analytics on ROSE stock on TipRanks’ Stock Analysis page.
