ZPG confirms no plans to make another offer for GoCompare
ZPG confirmed yesterday 23rd November 2017 that it does not plan to make another offer for GoCompare.
As per the statement contained in the announcement from ZPG ‘Further to the announcements by ZPG Plc (“ZPG”) and Gocompare.com Group plc (“GoCompare”) in relation to ZPG’s possible offer for the entire issued and to be issued share capital of GoCompare, ZPG confirms that it does not intend to make a further offer for GoCompare and is consequently bound by the restrictions under Rule 2.8 of the Code.’
The 110p a share bid represented a premium of 16% to the closing price of 95p the day before the proposal was made, the bid was last week “unanimously and unequivocally” rejected by GoCompare.
Read the statement from ZPG regarding GoCompare Group PLC published 23rd November 2017 in full click here