|
Advanced Medical Solutions Group PLC shares fell on Monday after a suitor on Friday ruled out making a bid for the surgical dressings company. Boston, Massachusetts-based private equity firm, TA Associates (UK) LLP, on Friday said it ‘does not intend to make an offer for AMS’. Last month, AMS confirmed talks after Sky News reported that TA Associates was preparing an offer worth around 280 pence per share, or £600 million in total. On Friday, Cheshire, England-based AMS said: ‘The board of AMS remains confident in AMS’ standalone prospects and strategy which it believes will continue to deliver sustainable growth and value creation for shareholders.’ Back in March 2025, AMS was the subject of bid interest from London-based mid-market private equity firm Montagu Private Equity LLP, but no formal offer materialised. Shares in Advanced Medical Solutions were down 20% at 196.40p on Monday morning in London. However, the stock is up 2.4% over the last 12 months. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
