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LONDON - DBAY Advisors Limited, alongside Alan Sellers and Samantha Moss, is contemplating a potential offer for the shares of Anexo Group plc, a move that could shake up the current ownership structure of the legal services firm. This consideration follows recent rumors about a possible acquisition.
The consortium, which includes the management of DBAY and the named individuals, is looking into proposing a deal that would involve loan notes from a new entity jointly controlled by DBAY-managed funds, Sellers, and Moss. The structure of the offer, which could also include ordinary shares with economic interest in the bidding entity, is still under review pending approval from the Takeover Panel.
The trio has signaled flexibility in their approach, stating they may alter the form of consideration or adjust the mix in the proposal. However, any deviation from the initial terms would require the consent of Anexo’s independent directors or be in response to specific corporate actions by Anexo, such as dividend distributions, or competing bids.
DBAY Advisors, Sellers, and Moss face a deadline of 5:00 p.m. on May 20, 2025, to either confirm their intention to make a formal offer under the UK’s Takeover Code or to withdraw their interest. This deadline may only be extended with the Takeover Panel’s permission.
The announcement made today is preliminary and was issued without Anexo’s approval. Further disclosures, including any mandatory offer details following share dealings by individuals acting in concert with the potential bidders, are expected by noon on May 6, 2025.
Investors and stakeholders in Anexo Group should note that this announcement does not guarantee that an offer will be made, nor does it outline the terms of any potential offer. The situation remains fluid, and additional information will be provided when appropriate, based on the press release statement.
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