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The latest announcement is out from Logistics Development Group ( (GB:LDG) ).
Logistics Development Group plc (LDG) has announced that Aegros Bidco Limited has reached an agreement with Alliance Pharma plc for a recommended acquisition of Alliance’s entire issued share capital, valued at £337.9 million. LDG holds approximately 13.2% of Alliance’s shares, which will be exchanged for unlisted, non-voting B ordinary shares in Aegros Dominium Limited. The acquisition will not impact LDG’s cash position, and the Board intends to proceed with a further distribution to shareholders.
More about Logistics Development Group
YTD Price Performance: 9.62%
Average Trading Volume: 602,260
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £74.39M
For detailed information about LDG stock, go to TipRanks’ Stock Analysis page.