UK 17:55 Friday, 18 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in Glasgow-headquartered provider of cloud computing and managed hosting services, iomart Group plc (IOM) have continued rising, to a current 260p, following an announcement from Host Europe Holdings Ltd, “a company controlled by funds managed by Cinven Capital Management” that “it has approached Iomart regarding a possible cash offer for 285p per Iomart share”. Iomart has rejected Cinven’s approaches thus far after concluding that they undervalue the shares. What next?
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Comments
wildrides
I am sorry but I got defeated in the first sentence by the word “Cloud” which being a luddite, sends me to sleep instantly .