Takeover mania | Encouraging flows
AIM seems set to lose another decent business following a takeover offer from a large overseas listed peer. Elsewhere, a trading update from one company appears to have glossed over a big downgrade while a specialist fund manager is doing better than expected. Read on here for our thoughts on this and other news.
Remember to use our updated AIMsearch tool from the link here to discover which AIM companies benefit from the valuable Inheritance Tax reliefs.Client portfolios managed by our associates, Fundamental Asset Management, may hold shares in companies covered here. Another Small Cap takeoverGresham Technologies (GHT), the Main market listed software and services company has come under offer from STG, a private equity group with c$10 billion of funds under management. The offer price and permitted dividend of 163.75 pence per share values Gresham at approximately £146.7m and is c27% premium to the closing price the day before but remains well below…