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LONDON - Science in Sport plc, the sports nutrition company, has agreed to a takeover by Einstein Bidco Limited, a company formed and backed by funds advised by bd-capital Partners Limited. The acquisition, announced on April 17, 2025, is to be carried out through a scheme of arrangement as stipulated by the Companies Act 2006.
The transaction has garnered support from SiS shareholders, with irrevocable undertakings to vote in favor of the scheme from shareholders representing approximately 41.93% of the issued share capital as of May 1, 2025. This includes a recent commitment from shareholder Enming Zhang, who holds about 4.96% of the company.
The agreement with Zhang, along with previous commitments, solidifies the acquisition’s support base, which previously stood at approximately 36.96%. Zhang’s support is conditional and will lapse if certain criteria are not met, such as if the acquisition is not completed by the Long Stop Date or if a competing offer emerges that is at least 10% higher than Bidco’s offer and is recommended by SiS’s board.
This acquisition is a significant move within the sports nutrition sector, indicating a consolidation trend and the potential for future growth and investment opportunities in this market. The financial terms of the deal, including the value offered per SiS share by Bidco, have been agreed upon by the boards of both companies.
Investors and market observers will be watching closely as the acquisition progresses towards completion, noting the strategic positioning and the potential implications for the competitive landscape within the industry.
This report is based on a press release statement and reflects the latest developments in the acquisition of Science in Sport plc by Einstein Bidco Limited.
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