AO World (AO.)

Sector:

Retailers

Index:

FTSE 250

105.80p
   
  • Change Today:
      2.60p
  • 52 Week High: 119.00
  • 52 Week Low: 82.10
  • Currency: UK Pounds
  • Shares Issued: 580.30m
  • Volume: 133,965
  • Market Cap: £613.96m
  • RiskGrade: 268
  • Beta: 0.99

FCA approves AO World's MusicMagpie takeover

By Iain Gilbert

Date: Wednesday 06 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Online electronics retailer AO World has received approval from the Financial Conduct Authority for its £10.0m cash takeover of MusicMagpie.
AO World and MusicMagpie both said on Wednesday that the FCA has determined to approve the acquisition but added that the acquisition still remained subject to other conditions.

If the merger receives final sign-off, the scheme was expected to become effective in either Q424 or Q125.

The deal values MusicMagpie at roughly £9.98m, but at 9.0p per share, still represented a premium to the stock's 5.75p closing price on 1 October, when the takeover was first floated.

As of 1000 GMT, AO World shares were up 2.87% at 106.98p, while MusicMagpie shares were 1.71% weaker at 8.60p.









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AO World Market Data

Currency UK Pounds
Share Price 105.80p
Change Today 2.60p
% Change 2.52 %
52 Week High 119.00
52 Week Low 82.10
Volume 133,965
Shares Issued 580.30m
Market Cap £613.96m
Beta 0.99
RiskGrade 268

AO World Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.29% below the market average81.29% below the market average81.29% below the market average81.29% below the market average81.29% below the market average
80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average
Price Trend
63.98% above the market average63.98% above the market average63.98% above the market average63.98% above the market average63.98% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income Not Available
Growth
61.52% above the market average61.52% above the market average61.52% above the market average61.52% above the market average61.52% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 1
Sell 0
Strong Sell 1
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AO World Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 71,742 @ 105.80p
16:35 455 @ 105.80p
16:35 110 @ 105.80p
16:35 455 @ 105.80p
16:35 202 @ 105.80p

AO World Key Personnel

CEO John Roberts

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