Montagu Private Equity LLP has confirmed its interest in a potential acquisition of Advanced Medical Solutions Group plc (AMS), following media speculation.
The firm is exploring a cash offer for the medical technology company, though the final terms could vary. However, Montagu has stated that there is no certainty a formal offer will be made.
Under the Takeover Code, Montagu must clarify its intentions by 5:00 pm London time on April 24, 2025. By this deadline, the firm must either announce a definitive offer under Rule 2.7 of the Code or withdraw its interest, in which case Rule 2.8 would apply.
The acquisition process is governed by strict regulations under the City Code on Takeovers and Mergers. While Montagu's statement clarifies its current position, the final outcome remains uncertain.
AMS.L is currently trading at $223.49 or 12.53% higher on the LSE.
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