Alpha Financial soars on $736 mln takeover offer from Bridgepoint

Alpha Financial Markets Consulting

19/06/2024 12:04

** Shares of consultancy firm Alpha Financial Markets
 AFM.L  up 23.4% at 482.5p, highest since July
    ** Co says it received proposal from Bridgepoint Advisers
Limited on May 1 
    ** Proposed deal for about 578 million pound ($736.14
million) or 505 pence in cash for each AFM share
    ** AFM's board to recommend Bridgepoint's proposal if firm
intention is made
    ** AFM shares rose about 17% YTD


($1 = 0.7852 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))