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HYVE.L (HYVE) Share News

IN BRIEF: Hyve Group says takeover sanctioned by court

18th May 2023 20:47

Hyve Group PLC - London-based events organiser - Court sanctions buyout of Hyve by Heron UK Bidco Ltd, a company controlled by funds advised by Providence Equity Partners LLC. Hyve in April backed an increased and final bid which valued it at GBP363 million on fully-diluted basis or GBP524 million in enterprise value. Hyve says on Thursday the acquisition will come into effect when the court order is delivered to the UK Registrar of Companies. This is expected to take place on Monday. Read More

UK earnings, trading statements calendar - next 7 days

9th May 2023 15:45

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TRADING UPDATES: Goldplat nine-month operating profit falls

5th May 2023 19:25

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

TRADING UPDATES: Trident Royalties notes "positive" quarter

3rd May 2023 21:08

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

UK shareholder meetings calendar - next 7 days

26th Apr 2023 15:52

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LONDON MARKET CLOSE: Banks shares fall as earnings disappoint

25th Apr 2023 17:02

(Alliance News) - Stock prices in Europe closed lower on Tuesday, with jitters in the banking sector re-emerging after less-than-stellar quarterly numbers from US regional lender First Republic. Read More

IN BRIEF: Providence Equity raises Hyve takeover bid for "final" time

25th Apr 2023 16:31

Hyve Group PLC - London-based events organiser - Providence Equity LLP lifts Hyve takeover bid to 121 pence per share from 108p, with the new bid valuing Hyve at GBP363 million on fully-diluted basis or GBP524 million in enterprise value. Providence Equity says new bid is final and will not be further increased. Hyve directors recommend unanimously that shareholders support the offer, while Providence Equity says offer has support of 28.5% of Hyve shareholders so far. In late March, Providence Equity brought in Searchlight Capital Partners UK LLP as a bid partner for its agreed takeover offer for Hyve. Providence said funds managed or advised by Searchlight will buy a 40% stake in Heron UK Bidco Ltd, the acquisition vehicle for the Hyve deal that is currently fully owned by funds advised by Providence. Read More

IN BRIEF: Providence brings in Searchlight as partner for Hyve offer

31st Mar 2023 10:59

Hyve Group PLC - London-based events organiser - Providence Equity Partners LLC has brought in Searchlight Capital Partners UK LLP as a bid partner for its agreed takeover offer for Hyve. Providence said funds managed or advised by Searchlight will buy a 40% stake in Heron UK Bidco Ltd, the acquisition vehicle for the Hyve deal that is currently fully owned by funds advised by Providence. The companies didn't say how much Searchlight is paying; however, Heron UK Bidco is paying GBP320 million for Hyve. The deal agreed earlier in March gives Hyve an enterprise value, including its debt, of GBP481 million. The offer, agreed by the Hyve, is for 108 pence per share in cash. There have been no changes to the acquisition terms, and Hyve expects to publish a scheme document by April 12. Read More

Hyve performs in line with expectations following China reopening

27th Mar 2023 16:24

(Alliance News) - Hyve Group PLC on Monday said it has traded in line with market expectations during the first half of its financial year, following the reopening of events in China. Read More

UK earnings, trading statements calendar - next 7 days

20th Mar 2023 15:54

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LONDON MARKET CLOSE: Banking sell-off as Credit Suisse reignites fears

15th Mar 2023 16:56

(Alliance News) - Stocks in London closed deep in the red on Wednesday as banking stocks suffered heavy declines amid bad news for Credit Suisse, which added to worries for markets already shaken following the collapse of Silicon Valley Bank. Read More

LONDON MARKET MIDDAY: Credit Suisse leads bank shares deep into hole

15th Mar 2023 12:03

(Alliance News) - Equity prices in Europe traded sharply lower in afternoon dealings on Wednesday as banking shares once again bore the brunt of a bruising stock market sell-off, with investor confidence in the sector depleting rapidly. Read More

Hyve agrees to Providence Equity takeover offer for GBP320 million

15th Mar 2023 11:13

(Alliance News) - Hyve Group PLC on Wednesday agreed to a GBP320 million takeover from Providence Equity Partners LLC. Read More

SMALL-CAP WINNERS & LOSERS: Bloomsbury tops forecast; Hyve backs offer

15th Mar 2023 10:44

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More

LONDON MARKET OPEN: Stocks fall but pound steady ahead of UK budget

15th Mar 2023 08:45

(Alliance News) - Stock prices in London opened lower on Wednesday, returning some of Tuesday's stellar gains, ahead of the UK government budget announcement at midday. Read More

LONDON BRIEFING: Prudential hails "resilient" 2022; Hyve backs offer

15th Mar 2023 07:56

(Alliance News) - London's FTSE 100 is called to open slightly higher on Wednesday, with focus on what UK Chancellor Jeremy Hunt has in store in his budget this afternoon. Read More

Providence Equity cash offer "potentially undervalues" Hyve - Citi

22nd Feb 2023 16:53

(Alliance News) - Providence Equity LLP's GBP300 million takeover approach for Hyve Group "still potentially undervalues" the London-based events organiser, according to Citigroup commentary. Read More

LONDON MARKET CLOSE: Markets downbeat ahead of US Fed minutes

21st Feb 2023 16:51

(Alliance News) - Stock prices in London closed lower on Tuesday, hurt by a stronger pound and share price falls for the mining sector. Read More

Hyve shares jump on takeover approach from Providence Equity

21st Feb 2023 12:27

(Alliance News) - Hyve Group PLC on Tuesday confirmed it received a GBP300 million takeover approach from Providence Equity LLP and is considering its position. Read More

LONDON MARKET MIDDAY: Stocks red, sterling strengthens after PMI print

21st Feb 2023 12:15

(Alliance News) - Despite an unexpected return to growth for the UK private sector in February, stock prices in London were lower at midday on Tuesday as investors awaited the minutes of January's US Federal Reserve meeting, due out on Wednesday. Read More

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