Medica Group shares surge 32.5% after IK Investment takeover bid
24/04/2023 08:10
LONDON, April 24 (Reuters) - Medica Group MGPM.L
shares surged 32.5% on Monday after the UK telemedicine services
company recommended a takeover offer from private equity firm IK
Investment.
The cash acquisition offer valued the company 269 million
pounds ($334 million), and each Medica shareholder will be
entitled to receive 212 pence in cash per share, representing a
32.5% premium on the closing price on Friday.
(Reporting by Joice Alves; Editing by Amanda Cooper)
((Joice.Alves@thomsonreuters.com; Twitter @joiceal;))