AIM IHT
A big deal for AIM and UK technology sector
Combination of RWS and SDL creates the world’s leading language services and technology group
RWS Holdings (LON:RWS), one of the world's leading language, intellectual property support services and localization providers, is acquiring main market listed peer SDL (LON:SDL) in an all share deal.
SDL shareholders will receive 1.2246 new RWS Shares in exchange for each SDL share which, based on the prior RWS closing price of 741p, values each SDL share at 907p, a 52% premium to the prior closing price. SDL shareholders will subsequently own approximately 29.5% of the newly combined…
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