Daisy dials up £204m reverse takeover

LANCASHIRE'S Daisy Communications is to become a listed business after a £200m reverse takeover deal.

The Nelson-based company and is being bought by Freedom4 Group and another business, Vialtus,  for £123m, and the enlarged business will raise £83m through a share placing.

When the deal completes, Freedom4 will change its name to Daisy Communications and the group will be led by the North West company's award winning chief executive Matthew Riley.

Daisy has more than 30,000 customers, many of t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...