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Team Internet Information
Share Price Information for Team Internet (TIG)
Share Price is delayed by 15 minutes
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Share Price:
190.00
Bid:
190.20
Ask:
191.20
Change:
-4.20 (-2.16%)
Spread:
1.00 (0.526%)
Open:
192.00
High:
195.00
Low:
188.20
Prev. Close:
194.20
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Don't have an account? Click here to register.Innovation Group accepts Carlyle Group's takeover bid
Tue, 01st Sep 2015 09:35
(ShareCast News) - Insurance software provider Innovation Group has agreed to a £499m takeover bid from private equity firm Carlyle Group.Under the agreement, the London-listed company will receive 40p per share in cash, which represents a 13.5% premium to Innovation's closing price on Thursday.Innovation expects the deal to provide an increased financial and operational flexibility, adding it will allow it to accelerate its expansion plans."Carlyle's offer represents a compelling opportunity for Innovation's shareholders to immediately and fully realise the value from their investment, in cash and at a premium," said group chairman David Thorpe.Innovation shares were up 1.94% to 39.50p at 0956 BST on Tuesday.
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