Brief: Crimson Tide Says It Is Considering Ideagen's Takeover Proposal

Checkit

21/06/2024 13:15

June 21 (Reuters) - Crimson Tide PLC  CTID.L :
    * OFFER UPDATE AND POSSIBLE CASH OFFER
    * REJECTS REVISED CHECKIT PROPOSAL
    * CONFIRMS THAT REVISED CHECKIT PROPOSAL HAS TODAY BEEN
REJECTED
    * A REVISED PROPOSAL WAS RECEIVED FROM CHECKIT ON 14 JUNE
2024
    * BOARD IS CONSIDERING IDEAGEN PROPOSAL
    * IN REVISED PROPOSAL CHECKIT STATED THAT IT "IS CONSIDERING
OFFERING UP TO 9 OF ITS SHARES FOR EVERY 1 SHARE" OF CO
    * IDEAGEN PROPOSAL FOR 312 PENCE PER CRIMSON TIDE SHARE

Source text for Eikon:  ID:nRSU4385Ta 
Further company coverage:  CTID.L 

 ((Reuters.Briefs@thomsonreuters.com;))