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IN BRIEF: BT and Aurelius in talks to buy used-tech seller musicMagpie

20th Nov 2023 09:31

musicMagpie PLC - Stockport, England-based used-technology reseller - Confirms it is in "early stage discussions" with telecommunications provider BT Group PLC and asset manager Aurelius Group for the pair to make a takeover offer for musicMagpie. Talks are "ongoing and remain at a very early stage", musicMagpie says. There is no certainty that an offer will be made, it says, but BT and Aurelius have a deadline of December 18 to announce a firm intention to make an offer or walk away.

Current stock price: 26.00 pence, up 39% in London on Monday morning for a GBP28.0 million market capitalisation

12-month change: up 11%

By Tom Waite, Alliance News editor

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