IN BRIEF: Frenkel Topping agrees Harwood Private Equity offer

Frenkel Topping Group PLC - Manchester, England-based specialist financial and professional services firm - Agrees GBP65.8 million bid from Irwell Financial Services Bidco Ltd, which is managed by Harwood Private Equity LLP. Under the bid Frenkel Topping shareholders will receive 50 pence cash and one contingent value right for each scheme share held, or 10p in cash, and one Irwell Holdco unit. Including the final dividend of 1.375p says bid values Frenkel at GBP65.8 million. In addition, reports pretax profit of GBP3.6 million in the six months to June 30 from GBP1.7 million the year prior. Revenue rises to GBP20.9 million from GBP17.9 million.

Current share price: 45.90 pence, up 0.9% in London on Tuesday

12-month change: up 11%

By Jeremy Cutler, Alliance News reporter

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