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
Online retail giant Amazon.com Inc. (AMZN) is reportedly in talks to buy luxury online fashion retailer Net-a-Porter. The news of acquisition was first reported by Women's Wear Daily, which said the deal would be completed for about 2 billion euros, indicating the biggest acquisition yet by Amazon.... Tim Cook, the CEO of tech giant Apple Inc., in an interview said he intends to give away all his wealth to charity. Cook, in an interview to Fortune, said he plans to donate all his wealth to philanthropic projects after paying for his 10-year old nephew's college education. According to Fortune,... Is it a 'personal life crisis' that led the Germanwings' co-pilot Andreas Lubitz to deliberately lowering the plane carrying 149 people to French Alps mountain? Police is investigating to find evidences to prove this suggestion.
comments powered by Disqus
Follow RTT