Kingswood shares slump amid potential discounted takeover bid

Published 12/03/2025, 10:52
© Reuters.

Investing.com -- Shares in UK-listed Kingswood dropped 14.7% on Wednesday as the firm announced it is in advanced discussions with HSQ Investments regarding a potential takeover bid valued at 48 million pounds ($62.2 million), which is discounted.

The potential cash offer from HSQ Investments, which is for the capital not currently owned by the firm, stands at 7 pence per Kingswood share.

This represents an 18% discount compared to the closing price of 8.50 pence on Tuesday.

Kingswood has acknowledged that its performance has suffered due to industry headwinds over the past several years.

The company also admitted that its growth has not met management’s expectations.

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