AIM Movers: Renold Receives Two Offers and Image Scan Hit by Defence Delays

Manchester’s Renold gets two takeover proposals – Northern Financial Review

Shares of Manchester industrial chain and power transmission firm Renold plc soared after the company confirmed it has received two separate “unsolicited and non-binding” cash takeover proposals.  Renold shares rose about 40% to around 76p to give the firm a current stock market value of roughly £172 million. The firm said in a stock exchange statement: “The Board of Renold notes the recent press speculation and confirms that it has received two…

AIM movers: Renold receives two offers and Image Scan hit by defence delays

Chain manufacturer Renold (LON: RNO) has received two bid offers one is 77p/share in cash from Webster Industries and the other is 81p/share in cash from a consortium comprising Buckthorn Partners LLP and One Equity Partners IX, L.P. The share price jumped 40.5% to 76.7p. Telecoms testing equipment supplier Calnex Solutions (LON: CLX) returned to […] The post AIM movers: Renold receives two offers and Image Scan hit by defence delays appeared fi…