IN BRIEF: Cisco Gets South African Competition OK For IMImobile Buy

IMImobile PLC - AIM-listed cloud communications software firm - Cisco Systems Holdings UK Ltd ...

Alliance News 16 February, 2021 | 8:23PM
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IMImobile PLC - AIM-listed cloud communications software firm - Cisco Systems Holdings UK Ltd receives approval from the South African Competition Authorities for IMImobile takeover. A hearing will be held on Wednesday for court sanction of the scheme.

Earlier in February, IMImobile shareholders approved the GBP543 million recommended cash offer made by Cisco Systems Holdings UK, a subsidiary of US networking firm Cisco Systems Inc.

Current stock price: 593.00 pence

Year-to-date change: down 0.3%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
IMImobile PLC
Cisco Systems Inc 52.80 USD 2.25

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