Dubai technology group gets extension on Good Energy takeover proposal
Technology group Esyasoft has been given another month to come forward with takeover plans for renewable energy specialist Good Energy.
Last month the Dubai-based group made an “unsolicited” approach and now has until December 23 to progress its due diligence exercise after the Panel on Takeovers and Mergers approved an extension.
Chippenham-based Good Energy was valued at £50m before the potential bid was revealed, and the subsequent share price rise has increased that to around £65m.
Esyasoft is an international techn... 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...
