23rd Jun 2021 11:45
Anexo Group PLC - Liverpool-based legal services provider - Receives approach from DBAY Advisors Ltd over a possible cash takeover offer. Asset management firm DBAY has indicated an offer price of 150 pence per share in cash. DBAY has been granted due diligence access, Anexo notes.
DBAY previously completed its purchase of a 29% stake in Anexo at 150 pence per share back in May.
The status of Executive Chair Alan Sellers, and managing director of the Bond Turner subsidiary Samantha Moss as joint offerors to DBAY's potential offer is under consideration, Anexo says. DBAY must announce a firm intention to make an offer for Anexo or withdraw by July 21.
Current stock price: 143.82p, up 5.0% Wednesday
Year-to-date change: up 11%
By Will Paige; [email protected]
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