DX Group – H.I.G. and largest shareholder Gatemore respond to its “Possible Offer” RNS
By Steve Moore | Tuesday 12 September 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.
H.I.G. has ‘noted’ the announcement by DX Group (DX.) of a possible offer by it for DX at 48.5p per share and announced that it “has received letters of intent in support of the possible offer from Gatemore Capital Management LLP and Lloyd Dunn”, though also “there can be no certainty that an offer will ultimately be made even if the pre-conditions are satisfied or waived. A further statement will be made as and when appropriate”. So what now of a current 43p to sell DX share price?
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