UK 18:34 Friday, 18 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Glasgow-headquartered provider of cloud computing and managed hosting services, iomart (IOM) has announced that “following receipt of an indicative proposal from Cinven regarding a possible offer for iomart at a price of 300 pence per share in cash… at the request of its independent directors… the Panel on Takeovers & Mergers has consented to an extension of the relevant deadline, until 5.00 p.m. on 16 September 2014”. Shares in iomart soared from below 50p in May 2010 to trade now at roughly 279p, having briefly exceeded 300p in September 2013, but are they now worth buying?
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