Gutted? Maybe one for the plod29 Mar 2018 03:55
I feel your pain, Yes2014, and I think the corporate plod has questions to ask, since clearly, the bidder had access to privileged information, to put it politely, that wasn�t in the public domain before bidding.
When the books were ruled off last Sept just 571 of the banks clients were using the Freeagent software, which had grown to circa 1300 by the time the numbers were released in early Dec. That figure now stands at over 10,000.
Bidding only a matter of days ahead of a trading update, locking up FreeAgent Directors so the usual caveat of backing the bid unless a higher offer is forthcoming and with the subscription growth trajectory front of mind, the deal is great for the bank but maybe not so for everyone else.