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LONDON - ME Group International plc announced today it is evaluating strategic options to enhance shareholder value following recent share price movements and media speculation.
In a statement released Wednesday, the company confirmed it is considering various alternatives, including seeking potential buyers for the business. ME Group emphasized it has not received any formal offer proposals at this time.
"There can be no certainty that any firm offer will be made, nor as to the terms on which any offer might be made," the company stated in its press release.
The announcement has placed ME Group in an "offer period" as defined by the City Code on Takeovers and Mergers. The Takeover Panel Executive has granted ME Group a dispensation from the requirement to identify any potential offerors unless they have been specifically mentioned in rumors or speculation.
ME Group indicated it would make further announcements "as and when appropriate" regarding any developments in the strategic review process.
The company’s statement comes in direct response to recent market activity surrounding its shares, though no specific details about the share price movements were provided in the announcement.
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