RPS Group PLC - London-based professional services firm - will be deleted from the FTSE 250 index and replaced by London-based food manufacturing firm Bakkavor Group PLC effective from January 23.
RPS is currently in the process of being acquired by California, US-based consulting and engineering firm Tectra Tech Inc. Last week, a majority of its shareholders voted in favour of the GBP636.0 million offer. The acquisition of RPS by Tetra Tech was approved in November. RPS said there has been no material change in the timetable of the acquisition, with the final court sanction expected on Thursday.
RPS current stock price: 221.50p
12-month change: up 81%
Bakkavor current stock price: 109.00p
12-month change: down 11%
By Abby Amoakuh, Alliance News reporter
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Bakkavor (BAKK)