SDI Group – “pleased to announce” acquisition, but 20% little more than one week offer-to-bid gains to be banked...
By HotStockRockets | Saturday 11 November 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.
SDI Group (SDI) has announced the acquisition of Peak Sensors Holdings Limited, a UK manufacturer of temperature sensors, which it emphasises is in line with its strategy of acquiring businesses with complementary scientific and technology products and considers have long-term growth drivers. So what of the 114.5p share price in response?
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