IP Group PLC (IPO.L)
21 Jul 2017
* Notes expected posting of offer document today in relation to IP Group's offer for entire issued and to be issued share capital of co
July 18 IP Group sweetened its offer for rival intellectual property firm Touchstone Innovations Plc to about 490 million pounds ($641.7 million), IP Group said on Tuesday, sending Touchstone shares up as much as 8 percent.
* IP Group announces terms of its improved offer for Touchstone
June 20 IP Group said on Tuesday it made an offer of about 466 million pounds ($587 million) for rival intellectual property business company Touchstone Innovations Plc, about a month after its earlier bid was rejected.
* Offer values each Touchstone share at 289 pence and Touchstone's existing issued ordinary share capital at about 466 mln stg
* Beijing Galaxy World Group - announced a us$ 30 million strategic investment in ip group Source text for Eikon: Further company coverage:
* Received irrevocable undertakings from Invesco Asset Management, Lansdowne Developed Markets Master Fund
* Notes announcement of IP Group and confirms that touchstone was approached by IP Group regarding a potential combination
* Intends to raise gross proceeds of up to approximately 200 million stg (approximately 195.7 million stg net of capital raising costs and expenses)
* IP Group announces that it recently made an approach to the board of Touchstone regarding a possible combination with Touchstone