By Abigail Townsend
Date: Thursday 01 Jun 2023
LONDON (ShareCast) - (Sharecast News) - Discussions about a potential £2.1bn takeover are ongoing, Network International Holdings confirmed on Thursday, as a key deadline was extended once again.
The London-listed firm, which provides technology-enabled payment services in the Middle East and Africa, is currently considering two possible proposals. In April, CVC Capital Partners and Francisco Partners made a non-binding offer of 387p per share, which was then topped by a 400p per share approach from Brookfield Asset Management.
Earlier this month, Network International confirmed that a deadline for Brookfield to make a firm offer or walk away - known as a put up or shut up - had been extended until 1 June.
On Thursday, however, the firm said that discussions with both potential bidders were ongoing, and as a result, the Takeover Panel had granted another deadline extension. Both parties now have until 1700 BST on 9 June to make a firm offer or walk away.
Network International noted that there was still no certainty that any offer would be made.
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Currency | UK Pounds |
Share Price | 393.60p |
Change Today | 1.40p |
% Change | 0.36 % |
52 Week High | 395.20 |
52 Week Low | 357.00 |
Volume | 32,175 |
Shares Issued | 532.75m |
Market Cap | £2,096.90m |
RiskGrade | 349 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
13:23 | 12 @ 393.60p |
13:22 | 1,500 @ 393.40p |
12:02 | 20 @ 393.60p |
09:12 | 1,016 @ 393.60p |
09:08 | 2,709 @ 393.60p |
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