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LONDON - Inspired PLC, a publicly traded company, has revealed that a significant portion of its shareholders are inclined to accept a potential cash offer from HGGC, LLC, a private equity firm. On Monday, Inspired’s board disclosed a possible bid from HGGC to acquire all outstanding shares for 81 pence each, a proposal termed the "HGGC Superior Proposal."
Subsequently, Gresham House Asset Management Limited, which controls 29.73% of Inspired’s shares, expressed its intention on Wednesday to accept the offer if it becomes firm and is recommended by the board. Following this, two other shareholders, Otus Capital Management and William Currie Investments Limited, holding an additional 6.87% of shares, have also indicated their support.
Inspired’s board members, holding a collective 1.55% stake in the company, have individually communicated their willingness to endorse the offer. This includes shares owned by CEO Mark Dickinson and other board members.
As of now, there is no guarantee that HGGC will proceed with a definitive offer. Inspired PLC has stated that further updates will be provided when appropriate. The information in this article is based on a press release statement from Inspired PLC.
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