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Checkit – announces approach to Crimson Tide to create “a market leader in workflow software solutions”. Really?…

By Steve Moore | Tuesday 4 June 2024

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.

Checkit (CKT) has announced a formal approach to the board of Crimson Tide (TIDE) regarding a possible all-share offer at 7 Checkit shares per Crimson Tide share, stating “values each Crimson Tide share at 182 pence… believe it will position the enlarged entity as a market leader in workflow software solutions, leveraging the strengths of both organisations for enhanced profitability and competitive advantage whilst being more attractive to existing and potential new investors”. Is that so?
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