8th Mar 2021 19:09
Arrow Global Group PLC - buyer of debt from banks, credit card companies and telecommunications businesses - Notes revised takeover proposal from TDR Capital LLP of 307.5 pence per share in cash, which the company's board says that it is "minded" to recommend a firm offer based on the revised proposal.
Such an announcement must be made by March 23, but the deadline can be extended if approved. In the meantime, discussions are ongoing.
Current stock price: 295.33 pence, closed up 9.4% on Monday
Year-to-date change: up 44%
By Dayo Laniyan; [email protected]
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