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LONDON - Mitie Group (LON:MTO) PLC is in discussions about a possible offer to acquire Marlowe PLC, the company confirmed Wednesday, following recent speculation and a prior announcement from Marlowe. The talks are centered on the potential acquisition of all issued and to be issued share capital of Marlowe.
Mitie has made it clear that at this stage, the discussions may not necessarily lead to a formal offer. The company emphasized that there is no assurance of a definite offer being made or the terms of any such offer, should it materialize.
According to the City Code on Takeovers and Mergers, Mitie has until 5.00 p.m. on July 2, 2025, to either announce its intention to make a firm offer for Marlowe or to declare that it will not pursue the acquisition. This deadline may be extended with permission from the Panel on Takeovers and Mergers, as per the regulatory requirements.
The announcement comes amidst a wave of consolidation in the industry, with companies seeking to enhance their market positions through strategic acquisitions. Mitie’s interest in Marlowe suggests a move to potentially strengthen its portfolio and market presence.
Mitie’s Chief Legal Officer and Company Secretary, Peter Dickinson, is responsible for the release of this statement. The information in this article is based on a press release statement from Mitie Group PLC. As discussions are ongoing and no firm offer has been made, shareholders and potential investors are advised to exercise caution when dealing in the securities of both Mitie and Marlowe.
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