logo
Plus   Neg
Share
Email
Comment

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

Quick Facts

Editors Pick
Walmart Inc. (WMT) reported fourth-quarter adjusted profit per share of $1.33 compared to $1.30, prior year. On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $1.37 for the quarter. Analysts' estimates typically exclude special items. The company said... Shares of BHP Billiton plc were losing around 4 percent in the morning trading in London after the Anglo-Australian mining giant reported Tuesday sharply lower profit in its first half on US tax charge, despite higher revenues. Further, the company announced higher dividend, but trimmed its forecast for Group copper equivalent volume growth for fiscal 2018. Asia-focused lender HSBC Holdings Plc reported late Monday a significant growth in fiscal 2017 profit, reflecting higher revenues and the absence of loss related to Brazil operations. The company noted that all of its global businesses grew adjusted profits and three main global businesses generated improved adjusted revenue. Further, the company maintained its dividend.
comments powered by Disqus
Follow RTT