Hyve surges after £306m takeover offer from Providence Equity
By Michele Maatouk
Date: Tuesday 21 Feb 2023
(Sharecast News) - Exhibition business Hyve surged on Tuesday after confirming it had received a preliminary and conditional £306m takeover approach from private equity firm Providence Equity.
The latest offer of 105p a share follows an earlier offer of 101p a share, Hyve said.
"The board of Hyve is considering its position with respect to the proposal and a further announcement will be made in due course," it said in a brief statement.
Based in Rhode Island, Providence focuses on media, communications, education, and technology investments across North America and Europe.
At 1625 GMT, Hyve shares were up 16% at 100p.
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