IQGeo Group PLC (GB:IQG) has released an update.
IQGeo Group PLC has announced a recommended cash acquisition by Geologist Bidco Limited, a company backed by KKR funds, to be carried out through a Court-sanctioned scheme of arrangement. Following the agreement reached on May 14, 2024, investment firm Charles Stanley & Co Ltd has reduced their initial pledge to support the acquisition, selling a significant portion of their shares, now representing about 6.01% of IQGeo’s issued share capital. These developments may influence the vote on the upcoming resolutions related to the acquisition.
For further insights into GB:IQG stock, check out TipRanks’ Stock Analysis page.
