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IN BRIEF: Logistics Development notes DBAY approach for CareTech
Logistics Development Group PLC - London-based Investment company formerly known as Eddie Stobart Logistics PLC - Notes that DBAY Advisors Ltd, Logistics Development's investment manager, makes an indicative proposal to CareTech Holdings PLC regarding a possible all cash offer.
DBAY on Monday says it has submitted proposal to takeover CareTech at price of 750 pence per share. "DBAY looks forward to engaging constructively with CareTech and its management team and working towards the announcement of a recommended transaction," it says.
Current stock price: 16.00p, up 1.9% on Monday
12-month change: up 20%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Latest CTH News
- TRADING UPDATES: Neometals swings to loss; Funding Circle strikes deal
23 Sep 2022 - UK shareholder meetings calendar - next 7 days
1 Sep 2022 - LONDON MARKET CLOSE: Calm start to week as stocks extend gains
27 Jun 2022 - Commodity stocks drive FTSE 100 to more than one-week high
27 Jun 2022 - IN BRIEF: DBAY Advisors confirms no offer for CareTech
27 Jun 2022 - LONDON MARKET MIDDAY: Stocks rise as aggressive rate hike fears ease
27 Jun 2022 - AIM WINNERS & LOSERS: CareTech accepts offer; Caspian loss widens
27 Jun 2022 - TOP NEWS: CareTech backs GBP870 million buyout from founders
27 Jun 2022
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