Tick Tock BOOM!!!20 Sep 2019 08:49
News could drop at anytime, but next week looks highly likely, and so maybe last chance to take advantage of current bargain low sp.....sub 3p will be history very soon imho....Gla Holders...On and UP!!! ;-)
It is common for M&A deals to be reported by the media before any formal announcement has been made by either the bidding or target company. This can often lead to share price volatility. If enough volatility is experienced or the companies have requested so beforehand share prices can be suspended pending an announcement declaring the proposed deal.
Usually, the first announcement will be an unbinding one that simply states a potential offer could be made (sometimes with a guide price but most often not), and who the bidder is. The bidding company then has 28 days to announce it has a firm intention of making an offer or has no intention of making an offer and will walk away – also known as the ‘put-up or shut-up’ clause. Any offer must remain open for at least 14 days, which starts fresh each time a new or revised bid is made.
23/8/19
Adept4 (AIM: AD4), the AIM quoted provider of IT as a Service, today announces that, further to the announcement on 2 August 2019 and the recent movement in the Company's share price, it has entered into non-binding heads of terms to acquire the share capital of Cloudcoco Limited ("CloudCoCo") (the "Proposed Acquisition").
Simon Duckworth, Chairman of Adept4, commented:
"We are delighted to have agreed heads of terms to acquire CloudCoCo which has a proven salesforce with an enviable growth track record. Subject to completion of the Proposed Acquisition, we plan to drive growth from both Adept4's existing customer base and CloudCoCo's own customers and pipeline. Furthermore, the associated proposed reduction in the Company's debt would strengthen the Group's balance sheet and demonstrate the strong support of our largest shareholder. We see this as a very positive step to return value to shareholders".
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