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IN BRIEF: Court Sanctions IMImobile Takeover By Cisco Systems

Wed, 17th Feb 2021 16:02

IMImobile PLC - AIM-listed cloud communications software firm - Court sanctions takeover of IMImobile by Cisco Systems Holdings UK Ltd. The scheme will become effective upon the delivery of a copy of the court order to the Registrar of Companies, which is expected to occur on Friday.

Request made to suspend dealings in IMImobile shares on Friday, with the company's admission to AIM to be cancelled from Monday.

Earlier in February, IMImobile shareholders approved the GBP543 million recommended cash offer made by Cisco Systems Holdings UK, a subsidiary of US networking firm Cisco Systems Inc.

Current stock price: 592.00 pence

Year-to-date change: down 0.5%

By Lucy Heming;Â lucyheming@alliancenews.com

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IMO.L Share News (IMO)

IN BRIEF: Court Sanctions IMImobile Takeover By Cisco Systems

Spark Ventures Net Asset Value Down In Year But Improved Since

IMImobile Says Trading In Line, Swings To Loss On Listing Costs

IMImobile Says First Mark And Sequoia Sell Down Stakes (ALLISS)

Spark Ventures Offloads Most Of Investments, Keeps IMImobile Stake

IMImobile trading in line with 2014 expectations, expects strong 2015

IMImobile Traded In Line, Confident For Strong Trading In Year Ahead

IMImobile Trading In Line, Buys TxtLocal In Cash And Shares (ALLISS)

UK MORNING BRIEFING: Fresnillo Is 'Most Preferred' But Not Tate & Lyle

IMImobile Wins Mobile And Social Messaging Contract With BBC

IMIMobile Pretax Profit Nearly Doubles, Positive On Outlook

UK MIDDAY BRIEFING: Intel Sells Most Of Imagination Technologies Stake

SPARK Ventures raises £3m from IMI mobile IPO

TOP NEWS: Barclays Chief Promises To Shed Light On Dark Pool

IMImobile, CDialogues Off To Strong Start After AIM IPOs

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