RE: Take Over17 Mar 2017 08:07
TOP NEWS: Panmure Gordon Recommends Bob Diamond-Backed Takeover Bid
Fri, 17th Mar 2017 07:53
LONDON (Alliance News) - Stockbroker Panmure Gordon & Co PLC said Friday it is recommending a takeover offer for the company led jointly by its largest shareholder and a private equity firm founded by ex-Barclays PLC chief executive, Bob Diamond.
Panmure said the offer from Ellsworthy Ltd is valued at 100.0 pence a share in cash and values the company's share capital at approximately GBP15.5 million.
The offer is at a 68% premium to Panmure's closing price on Thursday of 59.5p.