News blog

Vindon Healthcare

  • BY: Andrew Hore |
  • POSTED: 15/07/2013 |

Fully listed Source BioScience is considering making an offer of 13.7p a share for Vindon Healthcare. 

Storage equipment manufacturer and storage services provider Vindon would be valued at £12.2m at the proposed offer price. The directors own 24.7% of Vindon and they have provided irrevocable undertakings to accept the offer.

The deal will help Source to broaden its product portfolio, enable it to expand in the US and build more temperature controlled storage facilities around the world. The deal should be earnings enhancing in the first full year. 

Source has to secure the funding for the deal before it can go ahead. This will include a share placing and open offer to existing shareholders.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2013_46.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds