Situations

1. Takeover CAB Payments Holdings 1/3P (WI) CABP£204m

   Offer for the company

   Helios made a firm offer from early 2026 at 85p, which the board has repeatedly rejected as opportunistic. StoneX's 110p possible offer fell away on 5 May 2026 after Helios withheld support.

   Offer 110p in cashPremium +52% on 72.2pSpread now +36.8% to the offer
   Offer

   Next Pre-close trading update 19 January 2027; FY results 4 March 2027 19 Jan · in 86 days

   +11% since 2 Feb · moved 13 Aug
2. Takeover Evoke EVOK£190m

   Offer for the company

   Bally's Intralot's recommended 52p all-share offer was agreed on 5 June 2026. evoke shareholders approved the scheme on 17 August 2026 with over 99% support, and Intralot shareholders passed their resolutions on 18 September …

   Offer 52p in sharesPremium +34% on 38.8pSpread now +23.5% to the offerBoard recommends
   Approved

   Next scheme expected to become effective the final quarter of 2026 or first quarter of 2027

   +8% since 20 Apr · moved 18 Sep
3. Takeover Pharos Energy PHAR£121m

   Offer for the company

   Ratio agreed a recommended cash offer on 24 Jun 2026 and the Scheme Document followed on 21 Jul. Serica's rival bid on 26 Jul lapsed on 13 Aug after Ratio raised its offer on 7 Aug. Shareholders approved the scheme on 28 Aug.

   Offer 28p in cashPremium +10% on 25.4pSpread now -4.4% to the offerBoard recommends
   Approved

   Next Remaining Vietnam and Egypt regulatory consents, then court Sanction Hearing

   +15% since 24 Jun · moved 23 Sep
4. Takeover Dianomi DNM£19m

   Offer for the company

   The Dianomi Directors, who have been so advised by Panmure Liberum as to the financial terms of the Acquisition, unanimously consider the terms of the Acquisition to be fair and reasonable.

   Offer 64p in cashPremium +68% on 38pSpread now -0.8% to the offer
   Offer

   Next Court Meeting and General Meeting 6 Nov · in 12 days

   +70% since 18 Sep · moved 14 Oct
5. Takeover 80 Mile 80M£49m

   Offer for the company

   On 8 Sep 2026 the 80 Mile and Greenland Energy boards agreed indicative all-share terms at about 1.1p per share, valuing 80 Mile at £61.48m.

   Offer 0.01108 new Greenland Energy shares per 80 Mile share; …Premium 42.86% to 3 Sep 2026 price; 46.67% to 7 Sep 2026 price; …
   Offer

   +21% since 8 Sep · moved 19 Oct
6. Takeover Atlantic Lithium Limited ALL£111m

   Offer for the company

   On 7 May 2026 Atlantic Lithium signed a binding Scheme Implementation Deed for Huayou to acquire 100% in cash at US$0.25486 (£0.188) per share, about £155m; the board unanimously recommends it.

   Offer All-cash US$0.25486 (£0.188) per share, about £155m equity …Premium 26.6% to A$0.280 last close (6 May 2026)Board recommends
   Approved

   Next Scheme Meeting

   −23% since 23 Feb · moved 17 Sep
7. Takeover Advanced Medical Solutions Group AMS£616m

   Offer from H.B. Fuller Medical Adhesive Technologies

   H.B. Fuller's Bidco agreed a recommended 285p cash offer (about £659m) on 25 June 2026. Shareholders approved on 12 August, and clearances were in by 16 September, with the Scheme expected Effective in Q4 2026.

   Offer 285pPremium +35% on 212p
   Approved

   Next scheme expected to become effective Q3 or Q4 2026

   +24% since 20 Apr · moved 13 Oct
8. Takeover Ashtead Technology Holdings AT.£489m

   Offer from Pine Acquisition UK Bidco

   Ember's unsolicited approaches began in September 2026; the fourth cash proposal at 615p was the first the Board engaged with (23 Sep 2026).

   Offer 615p in cashPremium +81% on 340pBoard recommends
   Offer

   Next Scheme Document, then Court Meeting and General Meeting votes was due 21 Oct

   +79% since 23 Sep · moved 21 Oct
9. Takeover Brave Bison Group BBSN£85m moved

   Offer from a private equity bidder

   System1 Shareholders who have not yet accepted the Offer are urged to do so as soon as possible, but in any event by no later than 1.00 p.m. (London time) on 26 October 2026.

   Offer 180p in cashPremium +124% on 80.5pIrrevocables 10.73%
   Approved

   −9% since 21 Apr · moved 23 Oct
10. Takeover Central Asia Metals CAML£231m

    Offer for the company

    Today's positive vote by shareholders in Cygnus represents another important step towards completion of the Cygnus Transaction, and we look forward to adding Cygnus' high-grade Chibougamau …

    Approved

    −18% since 18 Sep · moved 18 Sep
11. Takeover Capricorn Energy CNE£291m

    Competing offers

    Genel agreed a recommended offer on 2 Jul 2026. DNO's rival offer followed on 1 Sep 2026 (revised 17 Sep 2026). Genel raised its offer to US$5.74 (434p) on 25 Sep 2026 and the board withdrew its DNO recommendation.

    Offer 434p in cashPremium +63% on 266pIrrevocables 39.3%
    Offer

    Next Egyptian Condition satisfied; Genel Scheme to become Effective

    +59% since 11 Mar · moved 16 Oct
12. Takeover Elecosoft Public Limited Company ELCO£192m moved

    Offer from a private equity bidder

    Accel-KKR's Bidco made a recommended 235p cash offer on 10 September 2026, a stated 74.7% premium; the scheme document was published on 2 October 2026 with meetings set for 27 October 2026 and completion expected by Q1 2027.

    Offer 235p in cashPremium +75% on 134.5p
    Offer

    Next Court Meeting and General Meeting 27 Oct · in 2 days

    +71% since 10 Sep · moved 23 Oct
13. Takeover Gamma Communications GAMA£974m

    Offer for the company

    Gamma entered an offer period on 7 April 2026. Providence and Oakley dropped out, and on 1 September 2026 Gamma and Epiris's Bidco agreed a recommended 1,120p cash offer (about £1,015m) by scheme of arrangement.

    Other parties Discussions with other potential offerors remain ongoingExtension Deadline extendable only with Panel consent under Rule …Board considering
    Offer

    Next Scheme Document publication; antitrust and regulatory approvals

    +50% since 7 Apr · moved 19 Oct
14. Takeover Gran Tierra Energy Inc. (CDI) GTE£306m

    Offer for the company

    With noteholder approval now in hand, stockholder approval at the Special Meeting is among the final steps remaining, alongside the regulatory approvals in Colombia and Ecuador.

    Offer

    +15% since 23 Sep · moved 23 Sep
15. Takeover Irish Continental Group Units (Comp) (CDI) ICGC£991m

    Offer from a management bidder

    Management-led buyout at €8.00 cash was announced on 24 July 2026 and recommended by the Independent Board. Terms were declared final on 17 August. Shareholders approved the Scheme on 10 September 2026.

    Offer €8.00 cash per share from Bluefin Bidco; terms declared …Scheme vote First Scheme Meeting 79.2% of votes cast in favour, above …Board recommends
    Approved

    Next High Court sanction hearing on 10 November 2026 10 Nov · in 16 days

    +22% since 24 Jul · moved 5 Oct
16. Takeover Integrated Diagnostics Holdings IDHC£213m

    Offer from a private equity bidder

    Hena, owned by CEO Dr Hend El-Sherbini and her mother, made a Rule 9 mandatory final cash offer at USD0.50 on 23 June 2026 after buying Elliott's 21.67%.

    Delisting Needed 75%; Hena is below that threshold, and no delisting …Relationship agreement None entered into or intended by Bidco
    Offer

    −14% since 23 Jun · moved 13 Aug
17. Takeover Permanent TSB Group Holdings (CDI) PTSB£1,370m moved

    Offer for the company

    BAWAG's recommended €2.97 cash offer was backed by 91.28% of votes at the 30 July 2026 shareholder vote. Axis floated a possible €3.20 bid on 2 Oct 2026.

    Rival proposal Axis possible cash offer of €3.20 per share, announced 2 …BAWAG offer €2.97 per share cash; shareholders approved 30 July 2026 …
    Approved

    Next High Court sanction hearing; Axis seeks up to six weeks' adjournment 27 Oct · in 2 days

    +23% since 30 Oct · moved 23 Oct
18. Takeover Ramsdens Holdings RFX£206m

    Offer from Chess Bidco

    Ramsdens agreed a recommended 600p cash offer from FirstCash's Bidco on 23 June 2026, raised on 16 July 2026 to a final 675p. Shareholders approved the Scheme on 10 August 2026 and FCA approval was given on 31 July.

    Offer 684p in cashPremium +37% on 493pBoard opposes
    Approved

    Next scheme expected to become effective the second half of 2026

    +40% since 23 Jun · moved 1 Sep
19. Takeover Spire Healthcare Group SPI£992m

    Offer from Tulip UK Bidco

    Toscafund made a non-binding 250p proposal on 14 May 2026. Spire and Bidco agreed a recommended 250p cash offer, announced 5 Sep 2026.

    Offer 250pPremium +66% on 150.4p
    Offer

    Next Court Meeting and General Meeting 30 Oct · in 5 days

    +14% since 19 Sep · moved 30 Sep
20. Takeover Time Finance TIME£54m

    Offer from Bentley Park

    Own-book growth had produced a record £250m gross book and 20 consecutive quarters of growth by 31 May 2026, against a £300m-plus target for May 2028.

    Offer 59.1p in cashPremium +13% on 52.5pIrrevocables 47.36%Board recommends
    Approved

    Next scheme expected to become effective the fourth quarter of 2026

    +12% since 17 Aug · moved 1 Oct
21. Takeover Union Jack Oil UJO£2.4m

    Offer for the company

    Reabold's all-share offer was recommended by the former board on 1 July 2026 and the Offer Document was published on 29 July.

    Timetable Panel statement on revised offer timetable to follow shortlyCertainty No certainty any offer will be forthcoming or proceed, nor …
    Offer

    Next Panel statement setting revised offer timetable

    −51% since 15 Jun · moved 29 Sep
22. Takeover Vast Resources VAST£62m

    Offer for the company

    Aprelevka holds four active mining licences located along the Tien Shan Belt in northern Tajikistan, together with a central processing plant and currently produces approximately 11,000 oz of gold …

    Offer 6.25p in sharesPremium +108% on 3p
    Offer

    +25% since 5 May · moved 4 Aug

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.