Agreed cash bid by Silver Lake Management for ZPG (LON:ZPG) (the property agent formerly known as Zoopla) @ 490p per share announced this morning. 31% acceptances (including largest DMGT holding of 29%) already committed, so well advanced but not yet in the bag.

https://www.investegate.co.uk/silver-lake-mngt-co/rns/recommended-cash-acquisition-of-zpg-plc/201805110700047701N/

C.30% premium on share price already up 10% or so in the last couple of weeks. Interesting punt given the cloud (for some) over the estate agent sector.

No position held.

Gus.

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