Gordon Dadds GBP34 Million Reverse Takeover Talks With Ince Continues

LONDON (Alliance News) - Legal and professional services business Gordon Dadds Group PLC said ...

Alliance News 9 November, 2018 | 10:06AM
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LONDON (Alliance News) - Legal and professional services business Gordon Dadds Group PLC said Friday should its GBP34 million deal to acquire Ince & Co International LLP continue it would be deemed a reverse takeover, as talks continue.

In late September, Gordon Dadds confirmed it was in talks with law firm Ince - resulting in its shares being suspended. In late October, the firm confirmed it would buy Ince for GBP34 million with final details still to be concluded.

On Friday, Gordon Dadds explained negotiations were still continuing "along with associated legal and financial due diligence." It added, however, that the acquisition would be considered a reverse takeover under AIM rules.

Shares in Gordon Dadds remain suspended, last traded at 181.50 pence.

By Ahren Lester; ahrenlester@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Gordon Dadds Group PLC 181.50 GBX 5.22 -
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