Elektron has announced the conditional agreement to sell the Bulgin business for a gross consideration of £105m (net: c.£94m post debt and other expenses). Completion requires the approval of shareholders at an AGM set for the 3rd September which, if successful, would pave the way for the majority of proceeds to be returned to investors by way of a tender offer. A successful deal would prove transformational for the group, transferring focus to the high growth technology-led real-time operations ....
31 Jul 2019
Proposed sale of Bulgin
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Proposed sale of Bulgin
Checkit plc (CKT:LON) | 21.0 -0.1 (-2.3%) | Mkt Cap: 22.7m
- Published:
31 Jul 2019 -
Author:
Caspar Erskine -
Pages:
4
Elektron has announced the conditional agreement to sell the Bulgin business for a gross consideration of £105m (net: c.£94m post debt and other expenses). Completion requires the approval of shareholders at an AGM set for the 3rd September which, if successful, would pave the way for the majority of proceeds to be returned to investors by way of a tender offer. A successful deal would prove transformational for the group, transferring focus to the high growth technology-led real-time operations ....