By BFN News | 01:12 PM | Tuesday 02 December, 2014
Tosca Vehicle Limited has agreed an increased cash offer for Avanta Serviced Office Group. The recommended offer of 112p per share values the current issued share capital of Avanta at approximately £36.6m and the fully diluted share capital of Avanta at approximately £44.4m. The offer represents a premium of approximately 7.7% to the closing price on 20 November - the last business day prior to the start of the offer period. At 1:12pm: (LON:ASOG) Avanta Serviced Office Group Plc Ord 30p share price was +1p at 108.5p At 1:12pm: (LON:ASOG) Avanta Serviced Office Group Plc Ord 30p share price was +123.2p at 19383.9p Story provided by StockMarketWire.com
distributed by