Situations

Approaches, offers, competing bids – the price and the timetable.

Yesterday

1. Takeover Grit Real Estate Income Group Limited GR1T£32m new

   Development platform disposal

   A proposal for GREA and APDM was first disclosed on 29 April 2026. On 26 Oct 2026 the Board accepted a conditional binding offer, but definitive agreements are still to be completed.

   Business sold Group's interests in GREA and APDM plus certain associated …Status Conditional binding offer accepted 26 Oct 2026; definitive …

   Next Definitive agreements and lender agreement on terms and timing +0% since 26 Oct · moved 26 Oct

Wednesday

1. Takeover SThree STEM£358m

   Possible offer

   Circle8 approached SThree on 9 Sep 2026 and confirmed an unpriced all-cash possible proposal on 11 Sep, which the Board unanimously rejected as significantly undervaluing the company.

   Stage ApproachFunding Structured as all cash, without issuing additional Circle8 …Certainty No certainty any firm offer will be made or of its termsBoard minded

   Next firm offer or walk away (Rule 2.6) 18 Nov · in 22 days +12% since 9 Sep · moved 21 Oct
2. Takeover Mobico Group MCG£246m new

   Possible offer

   A bidder has made a possible offer for Mobico Group at 46p in cash, a premium of 55% on 29.7p.

   Stage ApproachOffer 46p in cashPremium +55% on 29.7pSpread now +18.7% to the offer

   +31% since 21 Oct · moved 21 Oct

A row opens the situation with its chart and every step. Company pages also show the smaller matters – a new CEO, a plan, a contract, director buying.