UK's IP Group rises after shareholder Railpen sweetens takeover bid

IP

20/07/2026 10:03

** Shares of early-stage science investor IP Group IPO.L up 3.44% at 66.83 pence, top gainer on FTSE midcaps FTMC index 
** Railpen, IP Group's largest shareholder, on Friday submits an improved takeover proposal after the science investor rejected its initial bid last month
** Under latest proposal, IP Group shareholders will receive 61 pence per share in cash, up from 59 pence per share earlier
** Under UK takeover rules, Railpen has until July 20, 2026 to either make a firm offer for the company or walk away
**  YTD, stock up ~14% including session's gains 


 (Reporting by Megha Kumari in Bengaluru)
 ((megha.kumari@thomsonreuters.com))