Tern – Takeover Of Pires Investments SPOOOOOOF!
AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) has announced a recommended all-share deal to take over AM-listed Pires Investments (PIRI). The fanfare numbers are that Pires investors are getting a 54% premium to the previous closing price, with Tern’s shares priced at 15.5p, but that seems to me to be a spoof. One wonders why Pires' board took the deal…..
- By Nigel Somerville, the Deputy Sheriff of AIM
- 2022-06-01 09:33:22