Home Business NewsBusiness Sepura hires adviser as bidders gather

Sepura hires adviser as bidders gather

by LLB Reporter
1st Aug 16 12:17 pm

Exploratory offer on the cards

Shares in the British walkie-talkie manufacturer Sepura have continued to rise either side of the weekend, as it has emerged that the company has hired Lazard to defend and advise it following its receipt of an exploratory offer.

Following a sharp rise in the share price, Sepura’s management admitted on July 28 that it had received a preliminary approach from an unnamed party which had decided not to proceed with an offer. However shareholders now say that the group is “in play” and it is thought that a number of both trade and private equity buyers are looking at it with interest. Now valued at around £220m, its days as an independent entity appear to be numbered.

Press speculation subsequent to the July 28 announcement has specifically alighted on Motorola as being the likely predator as a possible suitor, but also suggests that it is likely to face significant competition for the business in the event of a formal auction process.

This story first appeared on Acquisitions Daily, a leading publication that provides critical comment, analysis and statistics on every important issue in acquisitions, mergers and buyouts. Sign up here for a free trial.

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