Report by Betaville

On Feb 22nd Betaville broke the news that the FTSE 250 company was at the centre of a takeover rumour. Later that day management confirmed they had received an approach from Apollo. The PE firm has recently made a final offer at 240p a share; a 60% premium from when Betaville first broke the story. Since then, Betaville has published several other alerts about UK, European and US-listed companies. These stories include takeover rumours surrounding INWIT - where Reuters subsequently followed up that story, suggesting PE firm Ardian has appointed bankers from JPMorgan to work on an offer. Other alerts include One Swiss Bank and US-listed Paratek Pharmaceuticals.

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