AdEPT Technology Group PLC - Kent, England-based managed services and telecoms provider - Agrees with Thetis Bidco Ltd on terms of GBP50.3 million cash offer for its entire share capital, to be implemented via a scheme of arrangement. Each AdEPT shareholder is entitled to 201 pence per share, representing a premium of 75% to the closing price of 115p per share on February 7.
As part of the acquisition, AdEPT has cancelled its interim dividend of 2.50p for the six months ended September 30. If the transaction does not complete, the board says it will reinstate the dividend.
Current stock price: 200.00 pence, up 74% in London on Wednesday afternoon
12 month change: down 8.3%
By Holly Beveridge; Alliance News reporter
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