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
Embark Veterinary Inc., a startup that makes dog DNA-testing kits for pet owners, vets and breeders, said it has raised $4.5 million in funding from investors and relocated its headquarters to Boston. The company intends to use the new funding to expand its canine genetic testing suite for pet owners, breeders, and veterinarians. Intel Corp. has completely shut down its wearables division about two weeks ago, CNBC reported, citing a person familiar with the matter. The company reportedly intends to focus on augmented reality. According to the CNBC report, Intel laid off about 80 percent of the team that made the Basis fitness watch in November 2016 and has now eliminated the division entirely. The Federal Trade Commission is investigating allegations that Amazon.com Inc. misled consumers about its pricing discounts, Reuters reported, citing a source close to the probe. The FTC probe is reportedly part of the agency's review of Amazon's proposed $13.4 billion deal to buy grocery chain Whole Foods Market Inc.
comments powered by Disqus
Follow RTT