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

Quick Facts

Editors Pick
Wells Fargo's two former employees have filed a lawsuit against the bank, seeking $2.6 billion, on behalf of employees affected amid the unauthorized accounts scandal. The plaintiffs are seeking class-action status for the lawsuit. Former employees Alexander Polonsky and Brian Zaghi accuse Wells Fargo of wrongful termination. Tech entrepreneur Elon Musk unveiled plans for his space transport company SpaceX to build a rocket and spacecraft designed to start a self-sustaining city on Mars. The planned rocket system would be capable of taking people to Mars and supporting a permanent city on the red planet that could be achieved within 40 to 100 years. Amazon.com Inc. is launching free same-day delivery for its Prime members in Toronto and Vancouver as the busy holiday shopping season is fast approaching. Starting Tuesday, the online retailer will offer free same-day deliveries on orders over $25 of one million items in Toronto and 700,000 items in Vancouver. These items ranges from everyday household goods to toys, electronics and luggage.
comments powered by Disqus
Follow RTT