IP Group ups its bid in hostile takeover plans
FTSE250-listed IP Group has upped its offer for rival Touchstone Innovations, and secured the backing of the company’s founder Imperial College as it looks to execute a hostile takeover.
IP Group has upped its offer to £490m, from the initial £466m it had initially bid for the company. The share price of both firms fell following the initial announcement in June, sinking the value of the deal.
Based on the closing price of 137p per IP Group share on 17 July 2017 - the last Business Day prior to the announcement - the deal va... 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...
