11 September 2023 - bid approach
No sooner had the courier and logistics group announced the opening of yet another new depot in Haydock, Merseyside, than it revealed that it had received a possible bid approach. The possible offer which would be worth 48.5p per share in cash has been made by H. I. G. European Capital Partners and this has the support of shareholders owning 31.6% of the equity. The offer is subject to due diligence and at this stage is only an indicative offer but as the largest shareholder in the company, Gatemore Capital Management, has supported . . .
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