|
Inspired PLC on Wednesday noted the support of its largest shareholder, Gresham House Asset Management Ltd, for an acquisition by HGGC LLC. The Kirkham, England-based energy and sustainability advisor on Tuesday reported a £130 million cash bid from HGGC, a Palo Alto, California-based private equity firm. The bid represents 81 pence per Inspired share. Gresham House Asset Management currently holds 29.73% of Inspired shares. The London-based asset manager intends to support HGGC’s proposal, should a firm offer be made. HGGC will reduce the terms of its offer by the amount of the final dividend proposed by Inspired on March 31, which was 1p per share. As a result, Inspired on Tuesday said it would withdraw its final dividend upon receipt of a firm offer. This follows an announcement last week that Inspired had rejected another approach from Regent Acquisitions 2025 Ltd for 68.50p per share. Inspired shares were down 0.5% at 76.59 pence each on Wednesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
