M&G Investments will vote against a takeover of British events group Hyve PLC , along with two other shareholders who think the bid significantly undervalues the international exhibition company, the Financial Times reported on Monday.
M&G plc logo is seen on a smartphone in front of displayed same logo in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration, along with two other shareholders who think the bid significantly undervalues the international exhibition company, the Financial Times reported on Monday.
Redwheel fund manager David Stewart and Douglas Smith, managing partner at Blackmoor Investment Partners also plan to vote against the deal, the report added. U.S. investment fund Providence Equity earlier this month recommended a cash offer price of 108 pence per share to take over Hyve, valuing the company at around 320 million pounds .Hyve, Providence Equity, M&G, Redwheel and Blackmoor did not immediately respond to a Reuters request for comment.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
King Charles becomes first British monarch to address German parliamentWhile it was his first official overseas trip as king, Charles visited Germany 28 times as the Prince of Wales.
Read more »
Taliban detains three British men in Afghanistan, UK non-profit says | CNNThree British men have been detained by the Taliban in Afghanistan, according to the non-profit Presidium Network.
Read more »
British interior minister Braverman says Rwanda is safe for migrantsBritain's interior minister Suella Braverman said she was convinced Rwanda was a safe country to resettle migrants who had arrived in Britain illegally but she declined to set any deadline for the first deportations to the country.
Read more »
Rwanda is a 'safe country' to resettle migrants: British interior ministerThe British government hopes to send thousands of migrants more than 4,000 miles away to the East African country as part of a 120 million pound ($148 million) deal to deter asylum seekers crossing the English Channel from France in small boats.
Read more »
These 17 British Pop Culture Moments Still Live In My Head Rent Free'My date of birth is 15/6/85, making me a Gemini'
Read more »