Crimson Tide (GB:TIDE) has released an update.
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Crimson Tide PLC has acknowledged a preliminary all-share offer from Checkit plc but expressed disappointment in the offer’s terms, citing undervaluation and governance concerns. The company highlights its strong position with a new CEO, solid financials, and an enhanced mpro5 app, suggesting confidence in its standalone prospects. Shareholders have been advised to await further announcements as the deadline for Checkit to declare a firm intention to offer is set for 2 July 2024.
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