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IN BRIEF: CIP Merchant shares to be cancelled in June after buyout
CIP Merchant Capital Ltd - Guernsey-based investment company - Applies for the cancellation of admission to trading on AIM. Explains that its takeover offer from Corporation Financiere Europeenne SA has become unconditional and that the Luxembourg-based wealth management firm has received valid acceptances of over 48.0 million ordinary shares in CIP's share capital, representing a 75% stake. Confirms that it has agreed with AIM for the cancellation to occur on June 8.
Current stock price: 30.00 pence, down 23% on Monday
12-month change: down 47%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
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IN BRIEF: CFE offer for CIP unconditional but board still opposes
CIP Merchant Capital Ltd - Guernsey-based investment company - Corporation Financiere Europeenne SA declares takeover offer for CIP wholly uncondition...
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