IP Group waits for competition watchdog’s verdict on £490m Touchstone takeover

FTSE250-listed IP Group, which is awaiting approval from the Competitions and Markets Authority for its verdict on the £490m takeover of Touchstone, has said the first phase review is anticipated to “start shortly”. IP Group, which upped its offer to £490m in July from the initial £466m it had initially bid for the early-stage technology investment company, also announced it has now secured a minor amount of funds from Beijing Galaxy World Group Co. "The proposed transaction is currently in the final stages of the pre-n... 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...
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