HYVE.L Share News (HYVE)

IN BRIEF: Hyve Group says takeover sanctioned by court

Hyve Group PLC - London-based events organiser - Court sanctions buyout of Hyve by Heron UK Bidco Ltd, a company controlled by funds advised by Providence Equity Partners LLC. Hyve in April backed an increased and final bid which valued it at GBP363 million on fully-diluted basis or GBP524 million in enterprise value. Hyve says on Thursday the acquisition will come into effect when the court order is delivered to the UK Registrar of Companies. This is expected to take place on Monday.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Goldplat nine-month operating profit falls

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

TRADING UPDATES: Trident Royalties notes "positive" quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

LONDON MARKET CLOSE: Banks shares fall as earnings disappoint

(Alliance News) - Stock prices in Europe closed lower on Tuesday, with jitters in the banking sector re-emerging after less-than-stellar quarterly numbers from US regional lender First Republic.

IN BRIEF: Providence Equity raises Hyve takeover bid for "final" time

Hyve Group PLC - London-based events organiser - Providence Equity LLP lifts Hyve takeover bid to 121 pence per share from 108p, with the new bid valuing Hyve at GBP363 million on fully-diluted basis or GBP524 million in enterprise value. Providence Equity says new bid is final and will not be further increased. Hyve directors recommend unanimously that shareholders support the offer, while Providence Equity says offer has support of 28.5% of Hyve shareholders so far. In late March, Providence Equity brought in Searchlight Capital Partners UK LLP as a bid partner for its agreed takeover offer for Hyve. Providence said funds managed or advised by Searchlight will buy a 40% stake in Heron UK Bidco Ltd, the acquisition vehicle for the Hyve deal that is currently fully owned by funds advised by Providence.

IN BRIEF: Providence brings in Searchlight as partner for Hyve offer

Hyve Group PLC - London-based events organiser - Providence Equity Partners LLC has brought in Searchlight Capital Partners UK LLP as a bid partner for its agreed takeover offer for Hyve. Providence said funds managed or advised by Searchlight will buy a 40% stake in Heron UK Bidco Ltd, the acquisition vehicle for the Hyve deal that is currently fully owned by funds advised by Providence. The companies didn't say how much Searchlight is paying; however, Heron UK Bidco is paying GBP320 million for Hyve. The deal agreed earlier in March gives Hyve an enterprise value, including its debt, of GBP481 million. The offer, agreed by the Hyve, is for 108 pence per share in cash. There have been no changes to the acquisition terms, and Hyve expects to publish a scheme document by April 12.

Hyve performs in line with expectations following China reopening

(Alliance News) - Hyve Group PLC on Monday said it has traded in line with market expectations during the first half of its financial year, following the reopening of events in China.

Hyve Group confident after positive first half

(Sharecast News) - Events business Hyve Group said in an update on Monday that it was expecting to generate revenue for the first half of between £95m and £100m.

UK earnings, trading statements calendar - next 7 days

LONDON MARKET CLOSE: Banking sell-off as Credit Suisse reignites fears

(Alliance News) - Stocks in London closed deep in the red on Wednesday as banking stocks suffered heavy declines amid bad news for Credit Suisse, which added to worries for markets already shaken following the collapse of Silicon Valley Bank.

LONDON MARKET MIDDAY: Credit Suisse leads bank shares deep into hole

(Alliance News) - Equity prices in Europe traded sharply lower in afternoon dealings on Wednesday as banking shares once again bore the brunt of a bruising stock market sell-off, with investor confidence in the sector depleting rapidly.

Hyve agrees to Providence Equity takeover offer for GBP320 million

(Alliance News) - Hyve Group PLC on Wednesday agreed to a GBP320 million takeover from Providence Equity Partners LLC.

SMALL-CAP WINNERS & LOSERS: Bloomsbury tops forecast; Hyve backs offer

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.