Equals Group Plc (GB:EQLS) has released an update.
Equals Group Plc is engaged in advanced discussions with a consortium for a potential all-cash acquisition of its shares at 135 pence each, with due diligence nearing completion and financing discussions in progress. The deadline for the consortium to announce a firm intention to make an offer has been extended by the Panel on Takeovers and Mergers to 5 pm on 2 October 2024. However, there is no certainty that any offer will be made by the consortium, which includes notable entities such as TowerBrook and J.C. Flowers & Co.
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