Equiniti Group subject of takeover offer, shares jump By Investing.com
By Samuel Indyk Investing.com – Shares in Equiniti Group were trading higher by over 18% on Monday after the company confirmed they are subject to a takeover approach from Siris Capital Group. The non-binding bid from Siris Capital Group is worth 170 pence per share. Equiniti closed Friday’s session at 137.60 pence per share. Equiniti confirmed the highly-conditional offer had been received, saying it is subject to a number of pre-conditions including completion of due diligence and arrangement of debt financing. The board of Equiniti said they will evaluate the proposal carefully in all respects, together...
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