Brave Bison Group (BBSN)

Sector:

IT Services

Index:

FTSE AIM All-Share

2.23p
   
  • Change Today:
    -0.18p
  • 52 Week High: 2.88
  • 52 Week Low: 1.53
  • Currency: UK Pounds
  • Shares Issued: 1,288.15m
  • Volume: 3,211,291
  • Market Cap: £28.66m

Mission Group rejects 29p a share takeover offer from Brave Bison

By Michele Maatouk

Date: Monday 13 May 2024

LONDON (ShareCast) - (Sharecast News) - Digital marketing agency Mission Group said on Monday that it had rejected a takeover proposal from rival Brave Bison which valued the group at around 29p a share.
Mission said that on 29 April, it received an all-share unsolicited conditional proposal at an exchange ratio of 11.5 Brave Bison shares for each ordinary Mission share.

Based on the terms of the possible offer and the closing market prices of both companies on that date, the offer valued the group at approximately 29p a share.

"On 8 May 2024, the Board of Mission, following consultation with its financial and legal advisers, unanimously rejected the possible offer which it believes to be opportunistic and significantly undervalues the group and its prospects," the company said.

"Moreover, it is dilutive to Mission's shareholders as it does not reflect the relevant contributions of each party to the proposed combined group."

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

 

BBSN Market Data

Currency UK Pounds
Share Price 2.23p
Change Today -0.18p
% Change -7.29 %
52 Week High 2.88
52 Week Low 1.53
Volume 3,211,291
Shares Issued 1,288.15m
Market Cap £28.66m

BBSN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.72% below the market average4.72% below the market average4.72% below the market average4.72% below the market average4.72% below the market average
75.90% above the sector average75.90% above the sector average75.90% above the sector average75.90% above the sector average75.90% above the sector average
Price Trend
45.32% above the market average45.32% above the market average45.32% above the market average45.32% above the market average45.32% above the market average
36.26% above the sector average36.26% above the sector average36.26% above the sector average36.26% above the sector average36.26% above the sector average
Income Not Available
Growth
65.35% above the market average65.35% above the market average65.35% above the market average65.35% above the market average65.35% above the market average
32.53% above the sector average32.53% above the sector average32.53% above the sector average32.53% above the sector average32.53% above the sector average

BBSN Dividends

No dividends found

Trades for 15-Jul-2024

Time Volume / Share Price
15:41 8 @ 2.30p
15:32 8 @ 2.30p
15:31 4 @ 2.30p
15:29 50,000 @ 2.30p
14:48 59,695 @ 2.30p

BBSN Key Personnel

CFO Philippa Norridge

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