Brief: STM Group Says Recommended Acquisition Offer By Jambo SRC

STM

10/10/2023 07:20

Oct 10 (Reuters) - STM Group PLC  STMG.L :
    * OFFER BY JAMBO SRC LIMITED
    * RECOMMENDED ACQUISITION FOR STM GROUP PLC
    * PROPOSED DEAL FOR 60 PENCE PER SHARE IN CASH
    * REACHED AGREEMENT ON RECOMMENDED OFFER PURSUANT TO WHICH
JAMBO
SRC WILL BUY STM
    * AGREEMENT TO SELL SIPPS COMPANIES TO PATHLINES HOLDINGS
LIMITED
FOR A TOTAL CASH CONSIDERATION OF £4.5 MILLION
    * CASH CONSIDERATION VALUES STM AT APPROXIMATELY £35.6
MILLION

Source text for Eikon:  ID:nRSJ4877Pa 
Further company coverage:  STMG.L 

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