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LONDON - Science in Sport PLC (AIM: SiS), a leading sports nutrition company, has acknowledged speculation regarding a potential takeover and confirmed that it has received a preliminary acquisition proposal from private equity firm bd-capital Partners Limited. The possible offer, priced at 34 pence per share, is currently under consideration by an independent committee of SiS’s board of directors.
The board has indicated that it is inclined to recommend the offer to its shareholders if bd-capital proceeds with a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers. Despite the advanced stage of discussions, there is no guarantee that a definitive offer will materialize, nor are the final terms set.
SiS shareholders have been advised to refrain from taking any action at this time as the situation remains uncertain. According to the takeover code, bd-capital must clarify its intentions by 5.00 p.m. London time on May 14, 2025, by either announcing a firm intention to make an offer or stating that it will not pursue the acquisition, at which point the announcement will be governed by Rule 2.8 of the Code.
The announcement has initiated an "offer period" for Science in Sport in accordance with the takeover code’s regulations. The company, with Dan Wright responsible for the release of this information, has made this announcement following consent from bd-capital.
This news comes amidst a dynamic period for the sports nutrition sector, with companies like SiS seeking strategic paths to enhance their market positions. The potential acquisition by bd-capital could represent a significant change in ownership for SiS, although the outcome remains uncertain.
The information in this article is based on a press release statement from Science in Sport PLC.
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