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IN BRIEF: IndigoVision Takeover By Motorola Gains Court Sanction

12th Jun 2020 15:27

IndigoVision Group PLC - Edinburgh-based video security systems provider - Takeover by US telecommunications firm Motorola Solution Inc receives court sanction, with scheme set to take place on Tuesday next week. In March, IndigoVision agreed to a deal which will see Motorola pay 405 pence per share, valuing the company at GBP30.4 million. As a result, IndigoVision's shares are to delist on Wednesday next week.

Current stock price: 378.55 pence

Year-to-date change: up 116%

By Dayo Laniyan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.

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