OSG.L Share Price (OSG)

And there's the bid today with a cash offer of 55p.

Orca bought 30.5m @ 55p taking their holding to 81.7%. They're bound to want to purchase the outstanding shares and are clearly willing to pay at least 55p for them. A decent opportunity to buy a fair bit cheaper than this after the recent profit taking. 46.5p to buy today. http://uk.advfn.com/news/UKREG/2015/article/68703243

Must have just sold for a 50% premium. Can't be an aggressive takeover due to enough being owned by the single large holder to block so perhaps an approach is coming?

Thats a big buy!

27 January 2014 OPSEC SECURITY GROUP PLC ("OpSec" or the "Company") Funding Update Further to the Company's interim results announcement on 20 December 2013 which gave details of a technical breach of one of the Company's financial covenants set against the 30 September 2013 interim results ("Technical Breach"), the Company is pleased to announce that it has reached agreement with its banker, JP Morgan Chase, on the forbearance of the Technical Breach. The Company's financial covenants will next be tested against its financial results for the year ended 31 March 2014 in accordance with the Company's usual covenant testing schedule. The Company continues to consider its long term funding options and will make a further update in this respect in due course as appropriate. - Ends -