News blog

Angle

• BY: Andrew Hore |
• POSTED: 07/04/2008 |
• COMMENTS: Add yours

Technology business developer Angle has received another bid approach.

The previous approach ended after one week when Angle’s management ended discussions. That was an all-share offer and so is the latest approach. This time a figure of 60p a share has been placed on the bid. That would value Angle at about £16.3m.

It is possible that this is the same bidder.

Angle’s net asset value was £8.7m at the end of October 2007. That included £1.9m of deferred consideration for hospital super bug treatment developer Acolyte which was sold to 3M. The maximum deferred consideration could be £4.7m.

The new bid does seem to take into account some of the potential upside from Angle’s investments. The share swap would mean that Angle shareholders would also continue to benefit from that upside.

Angle revealed the approach without the agreement of the potential offeror.

Angle shares jumped 15.5p to 42p. They haven’t been that high since the last potential bid was announced.

© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

• $10bnForecast size of the coronary market by 2010
  
• 1200Number of clinics registered to provide laser treatment in the UK
  

News Blog

All micro news

Northern Bear

Northern Bear more than doubled its interim profits.

Continue reading... | 21/11/2008

SnackTime

Vending machines operator SnackTime is raising just over £1m to finance its expansion.

Continue reading... | 21/11/2008

Cambridge Mineral Resources

Cambridge Mineral Resources has started gold production at its Quintana Gold Mine in Colombia.

Continue reading... | 21/11/2008

Servoca

Servoca’s cost cutting programme will result in the company making a loss in the year to September 2008.

Continue reading... | 21/11/2008

All micro news