logo
  

FirstGroup Board Rejects Proposal From I Squared

FirstGroup PLC (FGROY.PK,FGROF.PK,FGP.L) said its Board, having carefully evaluated the proposal from I Squared, concluded that the cash component of 118 pence per FirstGroup share significantly undervalues the Group's continuing operations and its future prospects, and the contingent right to up to 45.6 pence per FirstGroup share does not provide shareholders with sufficient certainty. As a result, the Board has unanimously rejected the proposal.

FirstGroup expects to announce its results for the year ended 26 March 2022 on 14 June 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Stocks staged a significant recovery attempt after pulling back sharply in early trading on Wednesday but still ended the day modestly lower. The major averages gave back ground after moving sharply higher over the two previous sessions. Three scientists have shared the Nobel Prize for Chemistry for their work that led to the development of linking molecules together, known as click chemistry, and bioorthogonal chemistry. Morten Meldal and K. Barry Sharpless have laid the foundation for a functional form of chemistry - click chemistry - in which molecular building blocks snap together quickly and efficiently. Carolyn R. Bertozzi The Institute for Supply Management released a report on Wednesday showing a modest slowdown in the pace of growth in U.S. service sector activity in the month of September. The ISM said its services PMI edged down to 56.7 in September from 56.9 in August, although a reading above 50 still indicates growth in the sector.
RELATED NEWS
Follow RTT