Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
LONDON - Eldridge Media Holdings, LLC (EMH) has announced today that it will not proceed with its previously considered offer to acquire National World plc. This decision follows an initial expression of interest disclosed on March 28, 2025.
EMH’s statement comes in accordance with Rule 2.8 of the City Code on Takeovers and Mergers, which governs corporate acquisitions in the UK. By adhering to this rule, EMH and any affiliated parties are now subject to certain restrictions that prevent them from making an offer for National World.
However, the company has reserved the right to override these restrictions under specific conditions as outlined by the Takeover Code. These include scenarios such as the withdrawal or lapse of an offer by another party, Neo Media Publishing Limited; the emergence of a new bid from a different entity; National World’s initiation of a Rule 9 waiver proposal or a reverse takeover; or a material change in circumstances as determined by the Takeover Panel.
The information contained in this announcement is classified as inside information under the UK Market Abuse Regulation, which is part of UK law following the European Union (Withdrawal) Act 2018. With the release of this statement, such inside information is now considered public.
This update is based on a press release statement and is intended for informational purposes only. It does not constitute an offer or solicitation to purchase or dispose of any securities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.