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MJ Hudson Group – completes sale of Data & Analytics division, still shareholders wipeout ahoy?

By Steve Moore | Wednesday 17 May 2023


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.


MJ Hudson Group (MJH) has announced that it has “completed the sale of the Data & Analytics division. The cash consideration paid on the completion of the sale of the Data & Analytics division was £15 million of which £3 million is being retained in escrow until 30 September 2024… Business Outsourcing sale will… be completed in stages following receipt or waiver of the regulatory consent(s) relevant to that part of the Business Outsourcing division. Consideration for the Business Outsourcing division is approximately £25 million”. Good news for the currently-suspended shares? Er, No…
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