Equals confirms one month extension of firm takeover offer deadline

(Alliance News) - Equals Group PLC said it extended the deadline for Embedded Finance Ltd and ...

Alliance News 17 April, 2024 | 10:49AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Equals Group PLC said it extended the deadline for Embedded Finance Ltd and TowerBrook Capital Partners UK LLP to announce whether they intend or not intend to make a takeover offer.

The London-based payment platform developer said the deadline has been extended to May 15 from April 17, which was already an extended deadline from March 20.

On March 20, Equals announced the non-binding proposal by the consortium comprising Embedded Finance Ltd, a London-based fintech software firm that trades as Railsr, and TowerBrook Capital Partners (UK) LLP, a New York- and London-based investor.

Equals shares were up 1.6% to 126.02 pence each in London on late Wednesday morning.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Equals Group PLC 131.74 GBX 0.95 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures