Canaccord confirms it may bid for Evolution
By BFN News | 10:59 AM | Tuesday 16 August, 2011
Canaccord Financial ("CF") has confirmed that it has held preliminary discussions regarding a potential offer for the entire issued and to be issued share capital of Evolution.
CF's interest is subject to a number of pre-conditions including, among others, obtaining a unanimous recommendation from the Evolution Board and the satisfactory completion of due diligence. It reserves the right to waive any or all of its pre-conditions.
There can be no certainty an offer will be made, even if the pre-conditions are satisfied or waived.
(LON:CF.) share price was 0p at 700p
(LON:EVG) Evolution Group share price was +8.75p at 91.25p
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