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Stock Watch: Will a £ 1 Billion Bid Become the Official Victory for Elementis?

Stock Watch: Will a £ 1 Billion Bid Become the Official Victory for Elementis?

One of the UK’s oldest chemical companies is in the limelight as it attracts new suitors considering a £ 1 billion takeover bid.

last year ElementisWas founded in 1844 as a tea merchant and received several approaches from the US-listed Minerals Technologies Inc.

Indeed, Mineral Technologies provided Elementis with a share of as much as 130p, which was rejected by the board of directors of a London-listed company because “there was a significant lack of engagement and access to the company’s private information.” it was done.

Elementis manufactures specialty chemicals such as deodorants and personal care products

Elementis, which manufactures personal care products such as specialist chemicals and deodorants, has come to suggest that Minerals Technologies is adopting “opportunistic bidding tactics.”

Now, an unconfirmed tweet is that Elementtis caught the eye of another US-based predator.

Friday’s Elementis shares closed 135.3p–5p ahead of Minerals Technologies’ previous offer.

If there really is another suitor, it will have to make more effort than mineral technology.

Territ Communications

have Territ Communications Did you seduce another suitor? Almost a month has passed since Dbay Advisors, an activist private-equity fund, confirmed that it was conducting due diligence on the “Internet of Things” designers listed on the AIM.

But so far, there are no signs of a firm proposal from Dbay. When the buyout group discussed the £ 2.06 per share offer, Telit’s shareholders were armed because the shares were already trading at that level.

Territ’s past rivals include U-blox in Switzerland, Lantronix listed in the United States, and Sierra Wireless in Canada. Word is a US-listed company advised by Barclays and also runs a slide rule for Telit.

After a few winding years, the company’s investors want a competitive bidding battle, but it’s still unclear if that will happen.

Supply @ Me

Supply chain financing has become a bad name thanks to the collapse of Greensill Capital, but there is one company that wants to show that it has the potential to succeed.that is Supply @ Me, A UK-based company listed in London last year.

From unsold couture to washing machines, the company “monetizes inventory.” According to insiders, the blockade leaves behind stocks that many companies need to buy and sell. This could help Supply @Me if the company can win the business.

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Stock Watch: Will a £ 1 Billion Bid Become the Official Victory for Elementis?

Source link Stock Watch: Will a £ 1 Billion Bid Become the Official Victory for Elementis?

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