STM Group PLC - London-based cross-border financial services provider - Receives irrevocable undertakings to vote in favour of the revised offer from Pension SuperFund Capital in respect of 29% of its share capital, subject to an offer of no less than 67 pence in cash being made by September 27. Also receives letter of intent to vote in favour of the offer in respect of 3.4% of its share capital on the same condition.
Current stock price: 56.10 pence
12-month change: more than doubled from 26.00p
By Heather Rydings, Alliance News senior economics reporter
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Stm Grp. (STM)