Equals Group Plc (GB:EQLS) has released an update.
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Equals Group Plc is undergoing a strategic review to explore potential offers for its share capital, having received non-binding proposals from a consortium including Railsr and TowerBrook, and separately from Madison Dearborn Partners (MDP). Although MDP has confirmed it will not pursue an offer for Equals, it is considering potential strategic alternatives with the company. The Panel on Takeovers and Mergers has granted an extension for the consortium to declare its intentions by 10 July 2024, with further announcements expected as discussions progress.
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