Page 37 - Mid Caps News Today

The takeover was also recommended by majority shareholder Mediclinic Spire Healthcare PLC (LON:SPI) said it recommends the proposed £999mln cash offer put forward by Ramsay Health Care. Shareholders will receive 240p, which represents a 24.4% premium to Tuesday’s closing price. The FTSE 250 group said the acquisition will boost its strategy growth, while Ramsay said the combination builds a broader platform to take advantage of the opportunity for sustained growth in the £5.8bn UK private ...

The group has also provided a trading update on the first quarter of 2021 Vectura Group PLC (LON:VEC) announced it has agreed on a £958mln takeover by Carlyle Group, a private equity firm with US$260bn of assets under management. The board has recommended an offer price of 155p per share, which is a 32% premium to Tuesday’s closing price. “Vectura has made strong progress since embarking on its new strategy in 2019 to become a leading inhalation focused contract development and manufacturi...

The number of private equity takeovers since the start of last year is now 124

Custodian REIT sells Nottingham retail unit The disposal has reduced the companys high street retail sector weighting by income from 10% to 9% Custodian REIT PLC (LON:CREI), the UK property investment company, has sold a retail unit in Nottingham at auction for £0.7mln. The real estate investment trust (REIT) said the price gained at auction was in line with the most recent valuation. A lease renewal on the sold property had recently been completed with The White Company on a five-year lease w...

Paradigm Biopharmaceuticals receives US FDA feedback on IND application for PPS in knee OA The company is on track to respond to questions from the US Food and Drug Administration around its Investigational New Drug application within 30 days. Paradigm is continuing Phase 3 study start-up preparation at sites in the US and Australia. Paradigm Biopharmaceuticals Ltd (ASX:PAR) (OTCMKTS:PBIGF) has received written feedback from the US Food and Drug Administration (FDA) regarding the i...

Royal Mail: ‘Just buy it’ says JP Morgan Analysts have increased their target price for the post and parcel carrier to 801p from 685p, noting that its recent full-year results had highlighted a “sharply better price/mix and confirmation of material [year on year] cost savings” Analysts at JP Morgan are encouraging investors to “just buy” Royal Mail PLC (LON:RMG) as the investment bank said it is struggling to understand why the share price has “not reacted more positively” to it...

Amigo scheme of arrangement thrown out by High Court “We are currently reviewing all our options and will provide an update at the earliest opportunity," said the compnay Bournemouth-based Amigo has said it might go bust without the scheme Amigo Holdings PLC (LON:AMGO) shed half of its value as a high court judge blocked its controversial scheme of arrangement even though creditors had voted in favour. The scheme, which was designed to cap compensation payments for cases of mis-s...

Name will change to Avon Protection in the second half of the year Avon Rubber PLC (LON:AVON) posted strong first-half sales growth helped by orders from the military and first responder healthcare demand. The group, which specialises in breathing equipment, said orders rose by 46% in the half-year to end March 2021, with military up by 31%, first responder 28% and a first-time contribution worth US$18mln from recent acquisition Team Wendy. Military orders included US$38mln from NATO and A US$1...

Royal Mail: is it as ludicrously cheap as JPMorgan seems to think? BT has never really managed to change the markets perception of it as a lumbering former state-owned lumbering dinosaur; can Royal Mail succeed where BT failed? Once upon a time, the Post Office was also in charge of the UK telephone network Royal Mail Group PLC (LON:RMG) has been out of favour as a stock for ages so JPMorgan’s “just buy it” recommendation this week was an eye-opener. From the day of its contr...

Energean ups production guidance but Karish ‘first oil’ is delayed due to Covid-19 rules in Singapore "Although COVID-19 continues to present challenges, we continue to deliver upon all of our promises that are within our control,” said chief executive Mathios Rigas. Energean PLC (LON:ENOG) reported above guidance production volumes for the four months ended April 30. Production averaged 44,200 barrels oil equivalent in the four month period, 15% above the mid-point of guidance range for ...