An unspectacular performance since their float last year, results out tomorrow.

That's not that epic! :-)

Codes & Symbols
ISIN GB00BMHTHT14
Symbols ZPG, LSE:ZPG, ZPG.L, ZPG:LN, LON:ZPG, XLON:ZPG

Oh yes it is );-

StockMarketWire.com
Zephyr, an indirect subsidiary of funds managed by Silver Lake Management announced a takeover offer of £2.2bn for online estate agent ZPG.

Zephyr announced it reached agreement with ZPG on terms of a recommended cash acquisition of ZPG.

Under terms of the acquisition, ZPG shareholders shall be entitled to receive 490p in cash.

The acquisition represents an attractive premium of approximately:

- 43% to the volume weighted average price per ZPG share of 343p for the three month period ended 10 May 2018

- 38% to the volume weighted average price per ZPG share of 354.7p for the one month period ended 10 May 2018

- 31% to the closing price per ZPG share of 375.2p on 10 May 2018 and 24% to the all-time high closing price per ZPG share of 394p on 7 March 2017

ZPG founder Alex Chesterman said: "Silver Lake is the global leader in technology investing and I am firmly of the belief that ZPG will benefit from their technology expertise and global network which will help accelerate our growth.

"In 2008, we transformed the property portal landscape with the introduction of a highly differentiated proposition providing data and delivering transparency to empower consumers to make smarter property decisions.

"Since its IPO in 2014, ZPG has evolved and diversified as we have made significant progress in becoming the platform of choice for consumers and partners engaged in property and household decisions.

"The terms of the acquisition represent an attractive premium that recognises the quality of ZPG's businesses and the strength of its future prospects and allows shareholders to realise today in cash the potential future value of their holdings.

"I am very excited about the opportunity this offers to our employees, customers and partners as we move to the next stage of ZPG's development and growth."

Silver Lake managing director Simon Patterson said: "ZPG is a great growth technology company.

"It has established strong positions in property classifieds, home and financial services markets by innovating in product and marketing.

"We are delighted to partner with Alex Chesterman, one of Europe's leading and most accomplished technology entrepreneurs, to invest in ZPG's continued growth."