By Scott Kanowsky
Investing.com — Shares in K3 Capital Group PLC (LON:K3C) fell on Friday after the British professional services company announced that it is in advanced negotiations with Sun Capital Partners over a potential multimillion-pound takeover by the U.S. private equity group.
In a statement on Thursday confirming earlier media reports, Bolton-based K3 said it has discussed a potential cash offer that would see Sun Capital acquire all of its issued and yet-to-be-issued holdings at a price of 350 pence per K3 share.
The deal would represent a 16.7% premium to the closing price of K3 shares on December 7. According to Reuters calculations, the company would be valued at £257.3 million (£1 = $1.2276).
K3 added that its independent directors have told Sun Capital that they would be "minded" to unanimously back the purchase if a firm proposal is made. Sun Capital must now decide on going forward with the transaction by January 5.
K3 said it has also received interest from "multiple parties," but these entities are reportedly no longer interested in a potential bid for the firm.
Shares in U.K.'s K3 slip after group confirms takeover bid from Sun Capital
FTX founder Bankman-Fried 'willing to testify' before U.S. House panel – tweet
Japan, Britain and Italy to build jet fighter together
Lowe's (LOW) digital and Pro businesses continue to exhibit momentum. LOW Total Home strategy also appears encouraging.
Lincoln National (NYSE: LNC) had another rough week as its share price fell 17.8% from last Friday's close through 2 p.m. ET on Friday, according to S&P Global Market Intelligence. The market was down slightly this week as the Dow Jones Industrial Average fell 2.1%, the S&P 500 was down 2.7%, and the Nasdaq Composite was off 3.3% this week, as of 2 p.m. ET Friday. Lincoln National continues to have fallout from a subpar third-quarter earnings report.
Millennials have given up on stocks. Is it time to follow suit?
Cathie Wood makes big bets on potential huge winners. But Ark Invest's top 10 holdings, including Tesla and Roku, have tumbled in 2022.
As every investor would know, you don't hit a homerun every time you swing. But it's not unreasonable to try to avoid…
Investors who bet on a decline in the electric vehicle maker's stock price in the short term have won the jackpot.
Time flies. But it also crashes.
These bargain-basement-priced growth stocks are ripe for the picking following a 38% peak decline in the Nasdaq Composite.
Finding the right stock is the key to successful investing, but it’s never as easy as that sounds. The answer to the question, which stock to buy? is no secret, but it is hidden, in the avalanche of data that the markets produce. What’s needed is some clear signal that will cut through the noise and indicate the right stocks for the times. The quantity of data, and the sheer impossibility of parsing all of it in real time, makes a formidable barrier to successful stock picking – but Wall Street’
In this article, we discuss 10 best December dividend stocks to buy. You can skip our detailed analysis of dividend stocks and their returns over the years, and go directly to read 5 Best December Dividend Stocks to Buy. With inflation at its 40-year high, dividend stocks offer one of the best ways to generate […]
The market rally faces big tests with the upcoming CPI inflation report and Federal Reserve meeting. Here's what to do.
BlackRock warned investors to expect a recession, persistent inflation, and an era that requires a more “nimble” approach in its 2023 Global Outlook this week.
Elon Musk has praised his competitors but never hidden his competitive edge. And he just tweeted out that edge in a big way.
Generally speaking long term investing is the way to go. But that doesn't mean long term investors can avoid big…
In 2022, Buffett has gone on the offensive, taking advantage of the market's recalibration.
(Bloomberg) — Some of the world’s biggest investors predict that stocks will see low double-digit gains next year, yet the path to a rebound won’t be a straight line.Most Read from BloombergPutin Says Russia May Add Nuclear First Strike to StrategyHarry and Meghan Throw the Gauntlet to William and KateThe Harry and Meghan Show Is a Royal KnockoutCaroline Ellison Hires SEC’s Former Top Crypto Cop for FTX probeElon Musk Steps Up Attacks on Twitter’s Former Safety HeadAmid recent optimism that inf
Mohamed El-Erian is worried that crypto’s risk-taking behavior is just an example of what became the norm over the past decade.
Today we will run through one way of estimating the intrinsic value of EDAP TMS S.A. ( NASDAQ:EDAP ) by estimating the…
This bank stock was beaten down this year for understandable reasons. But the selling effort went too far.
First, develop a plan (some might call it a budget), said Robert Gilliland, managing director and senior wealth adviser at Concenture Wealth Management. Take into consideration every single possible expense you anticipate after your husband dies, and account for inflation as well. You can break these expenses down into the short term, such as one to five years, the intermediate term, which would be the six- to 10-year span, and the long term, or beyond 10 years.
Shares in U.K.'s K3 slip after group confirms takeover bid from Sun Capital – Yahoo Finance
By Scott Kanowsky