19th Oct 2026 09:51
Gamma Communications PLC - London-based cloud communications and voice services provider - Postpones general and court meetings scheduled for Tuesday to approve its takeover by Epiris GP III Ltd, saying that proxy votes have been received for less than 40% of its shares. Gamma says it believes the low participation so far is due to 50% of its shares being held by merger arbitrage funds that have only recently bought in. Acceptances of the Epiris offer represent only 0.1% of shares so far. The offer is 1,120 pence in cash, valuing Gamma's equity at GBP1.02 billion. Read More
