On 27 November Infinis crossed the critical 50% ownership threshold, having managed to acquire a further 3.5% stake from a single shareholder at £0.77 per share. UK law compels Northampton-based Infinis, which is backed by private-equity firm Terra Firma, to extend that price to the rest of Novera’s shareholders.
Novera’s board, which on 25 November rejected Infinis’ offer of £0.75 per share, says it considers the revised offer to be “fair and reasonable”, and recommends its shareholders accept it.
The
