FireAngel Safety Technology – recommended offer, for shareholders “a certain path to recover lost value”?…
By Steve Moore | Friday 27 October 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.
FireAngel Safety Technology Group (FA.) has announced agreement on the terms and conditions of an offer from 17.5% shareholder Intelligent Safety Electronics, owned by Siterwell Electronics Co., Ltd, which it emphasises as “a significant premium to FireAngel's current prevailing share price” and following a review which “considered a number of options for the group in order to ensure all potential avenues to build stakeholder value have been fully explored”. Good news for shareholders then?
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