UK's Medica Group surges on $334 mln takeover deal
24/04/2023 09:02
** Medica Group shares MGPM.L surge 32.5% to 212p,
matching IK Investment Partners' per-shr offer price
** Stock top pct gainer across London shares on accepting PE
firm IK's 269 mln pound (~$334 mln) offer
** The telemedicine and teleradiology services provider's
stock hits its highest since Dec 2017
** At current gains, stock is set to post best day ever
** Stock's surge helps it to flip to YTD gains of over 50%
($1 = 0.8044 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))