logo
Share SHARE
FONT-SIZE Plus   Neg

Cardtronics Creative Reports Recommended Cash Offer For I-design Group

The Boards of Cardtronics UK and i-design Group plc (IDG.L) have signed an agreement on the terms of a recommended cash offer to be made by Cardtronics UK, an indirectly wholly-owned unit of Cardtronics, for i-design's entire issued and to be issued share capital. The Offer values the entire share capital of i-design at about 8.5 million pounds.

The offer price represents a premium of around 160.9 percent to the closing price of 23.0 pence per i-design share on February 12, 2013, being the last business day prior to the commencement of the offer period; and 51.1 percent to the average closing price of nearly 39.7 pence per i-design share for the year prior to 13 February 2013, being the commencement of the offer period.

The i-design Directors intend to recommend unanimously that all i-design Shareholders accept the offer.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the second quarter, driven mostly by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations, sending shares of the company up by 3 percent... Apple Inc. (AAPL) has announced that it recently sold its 1 billionth iPhone, about nine years after the first iPhone was launched. "iPhone has become one of the most important, world-changing and successful products in history. It's become more than a constant companion. iPhone is truly an essential... Fiat Chrysler Automobiles's US will focus on Jeep SUVs and Ram Pickups and plans to stop producing small passenger cars from early next year. The plan to stop Dart and Chrysler 200 production will be effective by first quarter of 2017. The new plans are expected to increase profit margins, as SUVs...
comments powered by Disqus
Follow RTT