CIP Merchant Capital Limited (LON:CIP – Get Free Report)’s stock price traded up 25% on Monday . The stock traded as high as GBX 60 ($0.76) and last traded at GBX 50 ($0.64). 425,493 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 226,325 shares. The stock had […]
Shares of CIP Merchant Capital Limited (LON:CIP – Get Free Report) rose 25% during mid-day trading on Monday . The company traded as high as GBX 60 ($0.76) and last traded at GBX 50 ($0.63). Approximately 425,493 shares changed hands during mid-day trading, an increase of 88% from the average daily volume of 226,325 shares. […]
CIP Merchant Capital Limited (LON:CIP – Get Rating)’s share price shot up 25% on Friday . The company traded as high as GBX 60 ($0.75) and last traded at GBX 50 ($0.62). 425,493 shares traded hands during trading, an increase of 88% from the average session volume of 226,325 shares. The stock had previously closed […]
15 February 2021 | 09:52am
StockMarketWire.com - CIP Merchant Capital said it had rejected a takeover offer from Corporation Financiere Europeenne, saying it significantly undervalued the company.
The all-cash offer at a price of 50 pence per ordinary share was deemed to be opportunistic and significantly undervalued CIP s current investment portfolio and the company as a whole, CIP Merchant Capital said.
The offer represented an approximately 10% to 19% discount to share price of the company between 27 January 2021 and 12 February 2021. The possible offer price clearly significantly undervalues CIP and its underlying investment portfolio on all reasonable metrics and CFE s opportunistic proposal has been unequivocally rejected by the Board on a number of occasions for this very reason, the company said.