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IN BRIEF: Blancco Technology shares to be cancelled November 17

20th Oct 2023 14:48

Blancco Technology Group PLC - Bishop's Stortford, England-based secure data erasure company - Confirms that its shares will be cancelled from trading on AIM on November 17.

On Monday, Blancco said its takeover offer by funds managed by San Francisco, California-based private equity firm Francisco Partners has been declared unconditional after reaching 75.1% acceptances. This followed the funds buying a further 9.35% stake in Blancco.

Back in August, Blancco agreed to a 223 pence per share all-cash offer from Francisco Partners that valued the UK company's equity at GBP168.8 million.

Current stock price: 222.00 pence

12-month change: up 28%

By Sophie Rose, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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