AFH Financial Group plc- financial investment management firm - Reiterates it believes the GBP224.5 million takeover offer made by Cortina Bidco Ltd is fair and reasonable and urges shareholders to vote in favour of offer. In January, AFH agreed to the takeover by Cortina, a company controlled by funds managed by Chicago-based private equity firm Flexpoint Ford LLC. Under the acquisition's terms, Flexpoint will acquire the wealth manager for 463 pence per share.
Current stock price: 458.00 pence
Year-to-date change: up 34%
By Ife Taiwo; ifetaiwo@alliancenews.com
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