Situations
Where money or control changes hands at a UK small cap – takeovers, disposals, capital returns, activists, stake building, refinancings. Each one followed from the first announcement to the outcome.
Approaches, offers, competing bids – the price and the timetable.
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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.
Funding Structured as all cash, without issuing additional Circle8 …Certainty No certainty any firm offer will be made or of its termsBoard mindedApproachNext firm offer or walk away (Rule 2.6) 18 Nov · in 23 days -
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.
Offer 46p in cashPremium +55% on 29.7pSpread now +18.7% to the offerApproach
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.