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Bonhill Group PLC - Woking, England-based media company specialising in business information, events and data analytics - Announces completion of disposing its US asset InvestmentNews LLC, a New York-based news company for the financial advisory community, to Key Media Business Information US Inc. On Friday last week, Bonhill said it was selling InvestmentNews for $4.1 million, and raising £4.8 million through a tender offer of 48.0 million shares at 10 pence each. After the close of this tender offer, expected on July 18, Bonhill seeks to cancel its shares and re-register as a private limited company. Cancellation is expected on July 31. Current stock price: 3.68 pence, down 1.9% 12-month change: down 39% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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