No bidder named · 10×
FSP / strategic review — who is coming?
no offeror named
type Formal Sale Process
board no approach / unsolicited · DD unspecified
current 0.24p
2026-09-09
no offeror named
type Strategic Review - No offeror named
board no approach / unsolicited · DD unspecified
current 10.5p
2026-09-08
no offeror named
type Formal Sale Process
board in active talks · DD underway/granted
current 25.5p
said The Board has maintained a disciplined approach to valuation throughout the FSP and has progressed discussions with parties where it considered that the prospective value and execution certainty provided sufficient basis
2026-09-08
no offeror named
type Strategic Review - No offeror named
board no approach / unsolicited · DD unspecified
current 2.75p
said The Directors unanimously believe that the Cancellation, Re-registration and the adoption of New Articles are in the best interests of the Company and its shareholders as a whole and recommend that shareholders vote in f
2026-08-28
no offeror named
type Formal Sale Process
board no approach / unsolicited · DD unspecified
current 49.7p
2026-08-06
no offeror named
type Strategic Review - No offeror named
board early consideration · DD unspecified
current 12p
2026-07-14
no offeror named
type Strategic Review - No offeror named
board no approach / unsolicited · DD unspecified
current 1585p
2026-07-08
no offeror named
current 335.4p
18:17 27-J · stage from Panel
no offeror named
current 3.6p
07:30 04-N · stage from Panel
no offeror named
current 218p
07:00 08-A · stage from Panel
Possible offer · 6×
Rule 2.4, bidder named, no firm offer
Greenland Energy Company
bid price 1.1p = 1.1p stock [rollover]
type Talks with a single named potential offeror
board in active talks · DD unspecified
PUSU run 28d
today (stock) not revalued — 0.01108 × Greenland Energy (not priced)
current 0.71p (+54.9% to bid)
2026-09-09
PART OF COMPANY
Cerberus Capital Management, L.P.
check no PUSU deadline — may not be a Code offer
type Talks with a single named potential offeror
board in active talks · DD unspecified
current 14700.0p
2026-09-09
Circle8 Group Inc.
type Talks with a single named potential offeror
board early consideration · DD unspecified
PUSU run 28d
current 293.5p
PUSU 2026-10-07
PUSU 17:00 07-O
2026-09-09
MULTIBIDDER
CVC Advisers Limited
type Talks with a single named potential offeror
board early consideration · DD unspecified
PUSU run 28d
current 945.5p
PUSU 2026-09-02
2026-09-01
MULTIBIDDER
The Giacom Group · with Waterland Private Equity Investments B.V.
type Talks with a single named potential offeror
board early consideration · DD unspecified
PUSU run 28d
current 1178p
PUSU 2026-09-18
2026-08-21
HUGO BOSS AG
Frasers Group plc
current 38.395 EUR
2026-07-30 · stage inferred
Firm offer · 11×
Rule 2.7 announced
Accel-KKR · via Avocet Bidco Limited
bid price 235p = 235p cash [price falls by any divi · rollover]
divi If ... any dividend and/or other distribution and/or other return of capital or value is a · not stated; ex-date not stated
IRR 8% → 5% (to payment, 2027-01-15 – 2027-03-24) · capped at long stop 2027-03-10
current 229p (+2.6% to bid)
completes 2027-03-31
conditions ACCC · CMA · NSI Act
2026-09-10
Toscafund · via Tulip UK Bidco Limited
bid price 250.0p = 250.0p cash [price falls by any divi · rollover]
IRR 10% → 4% (to payment, 2026-11-14 – 2027-03-18) · capped at long stop 2027-03-04
PUSU run 28d, 15d, 13d, 1d, 1d
bidder holds 18.61%
irrevocables 53.4% · mixed >10% · largest Mediclinic Jersey Limited 29.78%
current 245.5p (+1.8% to bid)
2026-09-07
MULTIBIDDER
Epiris LLP · via Bradbury Bidco Limited
bid price 1120p = 1120p cash [rollover]
IRR not shown — contested, the price reflects a rival bid
PUSU run 28d, 28d
irrevocables 0.13% · hard · largest Andrew Belshaw 0.11%
current 1178p (-4.9% to bid)
completes first half of 2027
2026-09-01
Apollo Management X, L.P. · via Eagle Bidco Ltd · with Apollo Global Management, Inc.
bid price 715p = 715p cash [price falls by any divi · rollover]
type Talks with multiple named potential offerors
board minded to recommend · DD unspecified
IRR 20% → 12% (to payment, 2027-01-15 – 2027-04-14)
PUSU run 28d
irrevocables 15.31% · unspecified >9% · largest Haji-Ioannou Family Concer 15.31%
2026-09-01
MULTIBIDDER
Veritas Capital Fund IX, L.P. · via Vulcan Alpha Bidco Limited
bid price 940.0p = 932.8p cash + 7.2p divs [divs on top · rollover]
divi the FY26 interim dividend of 7.2 pence per Bodycote Share (the "Permitted Dividend") · declared; ex-date not stated
ex-divi 7.2p ex 2026-10-01
IRR not shown — contested, the price reflects a rival bid
PUSU run 28d
irrevocables 0.15% · hard · largest Daniel Dayan 0.06%
2026-09-01
MULTIBIDDER
DNO ASA
bid price 385p (US$5.214 in cash for each Capricorn Share held (the "Acquisition Value"))
today (fx) 385p = 5.214 USD × 0.7380
divi a special dividend of US$0.99, which is intended and expected to be declared by the Capric · proposed; ex-date not stated
ex-divi ex-date UNKNOWN — bid is 384.8p if the 73p divi is still to come, 311.8p if gone
IRR not shown — contested, the price reflects a rival bid
current 383p (+0.5% to bid)
2026-09-01
Helios Consortium · via Mara BidCo Ltd. · with Helios Investors V, L.P., Helios Fairfax Partners Corporation, Helios Investors III, L.P.
bid price 85p (1.15 US Dollars in cash for each Company Share)
divi any dividend and/or other distribution and/or other return of capital ... declared, made o · not stated; ex-date not stated
bidder holds 45.11%
irrevocables 5.22% · process_only · largest Eurocomm Holding Limited 5.22%
current 82p (+3.5% to bid)
conditions FSRA · DNB · CBN · PRA · FCA · Federal Reserve · NYDFS · CEMAC Commission · NCC · COMESA Competition and Consumer Commission
2026-08-13
MULTIBIDDER
Eamonn Rothwell
current 640.0p
completes fourth quarter of 2026
2026-07-24
MULTIBIDDER
David Ledwidge
current 640.0p
completes fourth quarter of 2026
2026-07-24
MULTIBIDDER
Andrew Sheen
current 640.0p
completes fourth quarter of 2026
2026-07-24
MULTIBIDDER
Declan Freeman
current 640.0p
completes fourth quarter of 2026
2026-07-24
Document posted · 9×
scheme / offer document out
Brave Bison Group plc
bid price 327p = 135p cash + 192p stock [rollover]
ex-divi 6p ex 2026-09-24
IRR at least -9% (worst case, long stop 2026-12-31)
bidder holds 28%
irrevocables 0% · unspecified
today (stock) 312p = 2.04 × BBSN 87p + 135p cash
2026-09-10 · GATECRASHABLE
Peel Pepper (UK) Limited
bid price 172.5p
bidder holds 29.96%
irrevocables 0% · unspecified
current 176p (-2.0% to bid)
2026-09-09 · GATECRASHABLE
Reabold Resources plc
bid price 4.19p = 4.19p stock [rollover]
IRR at least 108% (worst case, long stop 2026-12-31)
irrevocables 2.14% · hard · largest Joseph O'Farrell 1.63%
current 3.05p (+37.4% to bid)
closes (offer) 25 September 2026 (the Unconditional Date), unless brought forward or extended in accordance with the Code
conditions NSTA · CMA · Admission · Reabold Shareholder Approval
2026-09-04 · GATECRASHABLE
Ridgeview Partners LLC · via U.K. Piston Bidco Limited
bid price 448.0p = 448.0p cash [price falls by any divi · rollover]
type Talks with a single named potential offeror
board minded to recommend · DD unspecified
IRR -2% → -1% (to payment, 2026-10-26 – 2027-01-14)
PUSU run 28d
irrevocables 45.35% · mixed >8.0% · largest Lithia 31.95%
2026-09-03 · GATECRASHABLE
Energy Capital Partners Management, LP · via Dragon Bidco Limited
bid price 6672.22p = 6525p cash + 147.22p divs [divs within · rollover]
divi the final dividend of 147.22 pence for the financial year ended 31 March 2026 (the "Final
ex-divi ex-date UNKNOWN — bid is 6672.22p if the 147.22p divi is still to come, 6525.0p if gone
IRR 15% → 9% (to payment, 2027-01-15 – 2027-04-14)
irrevocables approximately 0.28% · hard · largest Donal Murphy
current 6335p (+5.3% to bid)
2026-09-02 · GATECRASHABLE
Bentley Park (UK) Limited
bid price 59.1p = 59.1p cash [price falls by any divi · rollover]
IRR 20% → 7% (to payment, 2026-10-24 – 2027-01-14)
irrevocables 2.36% · mixed · largest Arena Investors, L.P. 18.1%
current 57.7p (+2.4% to bid)
completes during the fourth quarter of 2026
vote 1 October 2026
2026-09-02 · GATECRASHABLE
Prologis
bid price 1031.7p = 22.56p divs + 1031.7p stock [divs on top · rollover]
type Talks with a single named potential offeror
board minded to recommend · DD unspecified
ex-divi ex-date UNKNOWN — bid is 1031.7p if the 22.56p divi is still to come, 1009.14p if gone
IRR at least 12% (worst case, long stop 2027-08-04)
PUSU run … 14d, 21d
2026-09-01 · GATECRASHABLE
MULTIBIDDER
Bluefin Bidco Limited
current 640.0p
completes the fourth quarter of 2026
vote 10 September 2026
sanction October / November 2026
outstanding Approval of the Scheme Resolutions by at least 75% in value of the Scheme Shares voted (in person or by proxy) at the Scheme Meeting
2026-08-28 · GATECRASHABLE
Central Asia Metals PLC
current 3.9p
completes 24 September 2026
vote 14:00 (AWST) on 18 September 2026
sanction 14:15 (AWST) on 23 September 2026
2026-08-14 · GATECRASHABLE
Voted through · 15×
locked up
Zurich Insurance Group Ltd
bid price 1335p = 1310p cash + 25p divs [divs within · rollover]
divi the permitted interim dividend payment of 25 pence per Beazley Share (which has been appro
ex-divi 25p ex 2026-03-19 — bid to a buyer now 1310.0p
current 1301.5p (+0.7% to bid)
completes during the second half of 2026
conditions European Commission / EU Merger Regulation · CMA · HSR Act (US) · Competition Act (Canada) · ACCC (Australia) · CADE (Brazil) · JFTC (Japan) · FSMA change of control (UK) · Lloyd's consent · Central B
2026-09-07
BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft
current 2.925 EUR
outstanding financial regulatory approval · sanction of the Scheme by the Court
2026-09-07
ABB Ltd · via ABB Automation Holding UK Limited · with ABB Automation Holding UK Limited ("Bidco")
bid price 506p = 503p cash + 3p divs [divs within · rollover]
divi the Rotork Permitted Dividend of up to 3 pence, which Rotork Shareholders will be entitled
ex-divi 3p ex 2026-08-13 — bid to a buyer now 503.0p
IRR 11% → 5% (to payment, 2027-01-15 – 2027-07-14)
current 484.2p (+3.9% to bid)
completes the first half of 2027
2026-09-03
Esyasoft Holding Ltd · via Esyasoft Technologies UK Limited
bid price 10.165p = 10.165p cash [rollover]
divi If, on or after the date of this Announcement and on or prior to the Effective Date, any d
IRR 13% to payment ~2026-09-28
current 10.1p (+0.6% to bid)
completes 14 September 2026
outstanding sanction of the Court
2026-09-03
Jenkins Topco plc (to be renamed IG Group Holdings plc)
current 1354p
outstanding Sanction of the High Court of Justice in England and Wales
2026-09-03
FirstCash Holdings, Inc. · via Chess Bidco Limited
bid price 684p = 675p cash + 9p divs [divs within]
divi the Permitted Dividends of up to 9 pence per Ramsdens Share, comprising the interim divide
ex-divi ex-date UNKNOWN — bid is 684p if the 9p divi is still to come, 675.0p if gone
IRR at least 15% (worst case, long stop 2026-12-31)
current 651p (+5.1% to bid)
completes the second half of 2026
2026-09-01
Ratio Petroleum Energy LP
bid price 32.8183p = 28.8183p cash + 4.0p divs [divs on top · rollover]
ex-divi ex-date UNKNOWN — bid is 32.8183p if the 4.0p divi is still to come, 28.82p if gone
IRR at least 11% (worst case, long stop 2027-07-15)
current 29.9p (+9.8% to bid)
completes H1 2027
outstanding the remaining Regulatory Conditions · sanction of the Scheme by the Court at the Sanction Hearing
2026-08-28
H.B. Fuller Medical Adhesive Technologies Inc.
current 281.5p
completes Q3 or Q4 2026
2026-08-28
Greenlight Bidco Limited
bid price 1234.9p = 1230.0p cash + 4.9p divs [divs on top]
divi the interim dividend of 4.9 pence per G&H Share declared on 2 June 2026 (the "Interim Divi
ex-divi ex-date UNKNOWN — bid is 1234.9p if the 4.9p divi is still to come, 1230.0p if gone
IRR 21% → 6% (to payment, 2026-10-15 – 2027-01-14)
current 1210.0p (+2.1% to bid)
completes the fourth quarter of 2026
2026-08-26
MULTIBIDDER
Genel Energy plc · via Genel Energy No.9 Limited
bid price 350p (US$4.74 in cash for each Capricorn Share held (the "Acquisition Value"))
today (fx) 350p = 4.74 USD × 0.7380
ex-divi ex-date UNKNOWN — bid is 349.8p if the 75p divi is still to come, 274.8p if gone
IRR not shown — contested, the price reflects a rival bid
current 383p (-8.7% to bid)
completes during the second half of 2026
2026-08-18
Bally's Intralot S.A.
bid price 52.0p = 52.0p stock [rollover]
today (stock) not revalued — 0.537 × Intralot (not priced)
current 42.8p (+21.5% to bid)
completes the final quarter of 2026 or first quarter of 2027
conditions EU Regulation 2022/2560 on foreign subsidies · antitrust approval - Austria · antitrust approval - Jersey · antitrust approval - UK · foreign direct investment approval - Cyprus · foreign direct inves
satisfied Conditions 2(a) and 2(b) (Part III of the Scheme Document) · a number of the Conditions relating to antitrust and regulatory approvals (unspecified which)
2026-08-17
Isotope Bidco Limited
bid price 6107.7p = 6000.0p cash + 107.7p divs [divs on top · rollover]
divi the FY25 Final Dividend of 107.7 pence per Intertek Share
ex-divi 107.7p ex 2026-05-28 — bid to a buyer now 6000.0p
current 5850.0p (+2.6% to bid)
completes during Q4 2026 or Q1 2027
conditions CMA · European Commission (EU merger control) · HSR Act (United States) · SAMR (China) · JFTC (Japan) · KFTC (Korea) · TCB (Türkiye) · ACCC/FATA (Australia) · Competition Act / Investment Canada Act (
2026-08-06
Ingredion Incorporated
bid price 615.0p = 595.0p cash + 20.0p divs [divs on top · rollover]
divi a final dividend in relation to the financial year ended 31 March 2026 of no greater than
ex-divi 6.8p ex 2026-11-15~ · 13.2p ex 2026-06-18 — bid to a buyer now 601.8p
IRR at least 6% (worst case, long stop 2027-12-08)
current 557.5p (+7.9% to bid)
completes during the second half of 2027
2026-07-28
Tinicum Incorporated · via Zeus UK Bidco Limited · with Blackstone Inc.
bid price 300.0p = 297.85p cash + 2.15p divs [divs within · rollover]
divi the FY25 Final Dividend of 2.15 pence
ex-divi ex-date UNKNOWN — bid is 300.0p if the 2.15p divi is still to come, 297.85p if gone
current 295p (+1.7% to bid)
completes by the end of Q1 2027
conditions ACCC · Canadian Competition Act · EUMR · Moroccan Competition Council · Saudi Arabia GAC · South Africa Competition Act · UK CMA · US HSR · Italian Golden Power
2026-05-26
Nuveen, LLC · via Pantheon, LLC
bid price 612p = 590p cash + 22p divs [divs on top · rollover]
divi Permitted Dividends of up to 22 pence (in aggregate) per Schroders Share
ex-divi ex-date UNKNOWN — bid is 612p if the 22p divi is still to come, 590.0p if gone
IRR at least 10% (worst case, long stop 2027-02-12)
current 585p (+4.6% to bid)
completes during Q4 2026
2026-04-16
Completed · 14×
sanctioned or effective
Glenstone REIT plc
bid price 71.4p
divi a fourth quarterly interim dividend of 1.4 pence per AIRE Share in respect of the three mo · declared; ex-date not stated
ex-divi 1.4p ex 2026-07-30 — bid to a buyer now 70.0p
bidder holds 27.63%
irrevocables 2.36% · unspecified
closes (offer) 4 September 2026
2026-09-09
LondonMetric Property Plc · with Schroder Real Estate Investment Trust Limited
bid price 78.7p = 0p cash + 78.7p stock [rollover]
ex-divi 0.69p ex 2026-08-06 — bid to a buyer now 78.01p
irrevocables 0.35% · unspecified · largest TR Property 11.67%
completes 10 September 2026
vote 2 September 2026
sanction 8 September 2026
2026-09-08
OCS Group International Limited
bid price 221.6p
divi a final dividend in relation to the financial year ended 31 March 2026 of 3.1 pence per Mi · FY26 Final Dividend declared/approved (AGM 21 July 2026); FY27 Interim Dividend conditional — directors 'may resolve to pay' only if Effective Date is after 19 November 2026, not yet declared; ex-date not stated
ex-divi 3.1p ex 2026-07-16 — bid to a buyer now 218.5p
irrevocables 11.1% · mixed · largest Oasis Management Company L 9.9%
completes the first quarter of 2027
vote 16 September 2026
2026-09-08
Papilio Bidco Limited
bid price 1340p
completes 20 August 2026
sanction 19 August 2026
2026-08-20
NEO NEXT+ Energy Upstream UK Limited
bidder holds 100%
vote 2026-06-24
sanction 2026-08-13
2026-08-14
Acceler8 Ventures Plc
completes D+5 Business Days
vote 10.30 a.m. on Monday 3 August 2026
sanction a date expected to be in Q3 2026
2026-08-13
Vossloh AG
completes 13 August 2026
sanction 11 August 2026
2026-08-13
Hena Holdings Ltd.
bidder holds 49.61%
2026-08-13
IPF Parent Holdings Limited
2026-08-04
Drax Smart Generation Holdco Limited
completes 31 July 2026
vote 24 July 2026
2026-07-31
CCP PAW 2 Limited
sanction 28 July 2026
2026-07-30
AMG Lithium B.V.
bidder holds 100%
completes 27 July 2026
vote 13 July 2026
sanction 23 July 2026
2026-07-27
Irwell Financial Services Bidco Limited
completes 8 July 2026
vote 12 November 2025
sanction 6 July 2026
2026-07-08
Döhler Finance Management B.V.
bid price 305.0p
divi the previously announced final dividend for the year ended 30 September 2025 · paid; ex-date not stated
2026-07-02
Walked away · 13×
Rule 2.8 — standstill running
DNO · via DNO Iraq AS
PUSU run 28d
current 59.5p
PUSU 2026-09-04
2026-09-04
Prima Energy
current 37.5p
2026-09-02
AEW UK REIT plc
PUSU run 39d
current 68.5p
PUSU 2026-08-28
2026-08-26
Serica Energy plc
bid price 32.6683p = 28.6683p cash + 4.0p divs [divs within · rollover]
divi 4.0 pence in cash per Pharos Share by way of special dividend to be paid from Pharos' exis · proposed; ex-date not stated
ex-divi ex-date UNKNOWN — bid is 32.6683p if the 4.0p divi is still to come, 28.67p if gone
irrevocables 14.26% · soft · largest Aberforth Partners LLP 14.26%
current 29.9p (+9.3% to bid)
completes H1 2027
2026-08-13
MULTIBIDDER
AMFT
PUSU run 28d
current 383p
vote 18 August 2026
PUSU 2026-07-29
2026-08-11
MULTIBIDDER
Samos Energy
current 383p
vote 18 August 2026
2026-08-11
Castlelake, L.P.
bid price 690p
current 668.8p (+3.2% to bid)
PUSU 2026-08-03
outstanding completion of satisfactory due diligence · agreement of definitive transaction documentation
2026-08-06
Railpen
bid price 7130p = 6100p cash + 1030p stock [rollover]
type Talks with a single named potential offeror
board rejected · DD unspecified
PUSU run … 3d, 7d
current 66.8p (+10573.7% to bid)
PUSU 2026-07-27
2026-07-27
no offeror named
current 485p
2026-07-15
ICP · via Lume HoldCo S.à r.l. · with Infill Capital Partners (ICP)
type Talks with a single named potential offeror
board in active talks · DD underway/granted
PUSU run 28d
current 12.5p
PUSU 2026-08-07
2026-07-14
Vega
current 127p
2026-07-10
no offeror named
type Formal Sale Process
board no approach / unsolicited · DD unspecified
current 1538p
said The Company is no longer in discussions with any party in relation to any proposal for a potential sale of the Company that the Board considers to be deliverable.
2026-07-02
StoneX Group Inc.
bid price 110p = 110p cash [price falls by any divi · rollover]
type Talks with multiple named potential offerors
board minded to recommend · DD unspecified
current 82p (+34.1% to bid)
2026-04-30