UK's Pinewood Technologies rises after accepting $739 mln takeover offer
19/08/2026 09:44
BUZZ-UK's Pinewood Technologies rises after accepting $739 mln takeover offer ** British automotive technology provider Pinewood Technologies PINE.L up 3.5% at 442 pence, top gainer on London's small caps index .FTSC
** Co agrees to a £545 million ($738.75 million) takeover by U.S. private equity firm Ridgeview
** Co says shareholders to receive £4.48 per share in cash** Up to Tuesday's close, stock had risen 19.3%, compared to a 8.29% YTD increase in FTSC
($1 = 0.7377 pounds)
(Reporting by Simone Lobo in Bengaluru)
((Simone.Lobo@thomsonreuters.com, +919920570373))