Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue