“A takeover, not a merger”: IP Group’s £500m bid turns hostile
"He told me the term ‘merger’ had been used, but that this was in fact a ‘takeover’", Touchstone Innovations' chairman David Newlands has told his shareholders in a letter as IP Group's £500m takeover bid goes publicly hostile.
IP Group went public on its bid for its rival technology commercialisation company on May 23, which Touchstone Innovations' board had unanimously rebuffed.
The target company "creates, builds and invests in pioneering technology companies and licensing opportunities developed from outstanding sci... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
