Anexo Group Plc (LSE:ANX) has confirmed an unconditional recommended contractual offer from Alabama Bidco Limited to acquire the company’s entire issued share capital. The takeover will proceed under the Companies Act, with Anexo shareholders receiving 60 pence per share in non-convertible loan notes. This offer values Anexo at around £70.79 million, representing a 17.6% premium over the previous share price.
Following the acquisition, Anexo’s shares are expected to be delisted from AIM, and the company will be re-registered as a private entity. This transaction marks a significant consolidation of control under the Joint Bidders and will affect Anexo’s market presence and shareholder structure.
While Anexo Group’s outlook benefits from strong technical indicators and a notably low P/E ratio suggesting undervaluation, cash flow challenges temper its otherwise positive financial performance. The company’s stable balance sheet offers some reassurance, and recent corporate events reinforce its strategic positioning. However, addressing current financial constraints will be important for sustained growth.
About Anexo Group Plc
Anexo Group Plc operates in the legal services and credit hire sector, providing integrated support primarily for individuals involved in non-fault motor accidents. The company combines legal assistance with vehicle hire solutions, offering comprehensive services tailored to the needs of accident claimants.
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