SMS shares surged over 40 per cent to an over two-year high of 969p in early trading. The 955p per share all-cash offer represents a premium of 40.4% to the London-listed stock s Wednesday close.
Smart Metering Systems PLC on Thursday said it has agreed on the terms of an all-cash private equity acquisition that values it at approximately GBP1.4 billion.
SMS said each of its shareholders will.
London s FTSE 100 made a slow start on Thursday, after equities in Asia struggled following Chinese trade data which failed to soothe growth worries about the world s second-largest economy.
Chinese.