On 25 September 2015, Quixant announced an offer of 11p per share for the entire share capital of Densitron Technologies, valuing the AIM-listed screen manufacturing business at £7.7m ($11.5m) funded by existing cash resources and a new banking facility. This was a 29% premium to the share price on the day and a 36% premium to the average price for the previous three months. Nevertheless, due to increasing profitability, available synergies and the cheap cost of debt, we expect the acqu
11 Nov 2015
Acquisition of Densitron lifts earnings 17%
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Acquisition of Densitron lifts earnings 17%
Nexteq PLC (NXQ:LON) | 152 3.8 1.7% | Mkt Cap: 101.5m
- Published:
11 Nov 2015 -
Author:
Cavendish Research - Pages:
On 25 September 2015, Quixant announced an offer of 11p per share for the entire share capital of Densitron Technologies, valuing the AIM-listed screen manufacturing business at £7.7m ($11.5m) funded by existing cash resources and a new banking facility. This was a 29% premium to the share price on the day and a 36% premium to the average price for the previous three months. Nevertheless, due to increasing profitability, available synergies and the cheap cost of debt, we expect the acqu