Inactive Instrument

Ergomed

Equities

ERGO

GB00BN7ZCY67

Biotechnology & Medical Research

Ergomed says conditions satisfied for Permira takeover

October 27, 2023 at 07:52 am EDT

Ergomed PLC - Guildford, England-based pharmaceutical services company - Regarding its agreed takeover from London-based, healthcare-focused private equity firm Permira Advisers, says all acquisition conditions relating to antitrust and regulatory approvals have been satisfied or waived. The acquisition remains subject to other conditions. The scheme is expected to become effective on November 13.

The deal was agreed in September, with the offer being a payment of 1,350 pence per Ergomed share, valuing the entire company at GBP703.1 million. Ergomed directors at the time said they deemed the offer to be "fair and reasonable", recommending that shareholders vote in favour of the offer at forthcoming court and general meetings.

Current stock price: 1,342.02 pence, up 0.2%

12-month change: up 10%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Ergomed

Ergomed Delists From London Stock Exchange	Nov. 14	MT
Permira Advisers Ltd. completed the acquisition of Ergomed plc from Amati Global Investors Ltd. and others.	Nov. 12	CI
Milton plans energy focus; Guild completes fund raise	Nov. 09	AN
UK Court Clears Permira's Ergomed Purchase	Nov. 09	MT
Ergomed says conditions satisfied for Permira takeover	23-10-27	AN
Permira's Takeover of Ergomed Nears Completion	23-10-27	MT
Ergomed's Takeover by Permira Advisers Expected to Take Effect mid-November	23-10-23	MT
Ergomed Shareholders Back Eden AcquisitionCo's Bid	23-10-13	MT
Ergomed plc acquired Panacea Pharma Projects Limited from Stuart Colligon.	23-10-09	CI
The FTSE 100 Closed Up as UK Retail Sales, Consumer Confidence Data Offers Economic Hope	23-09-22	DJ
Ergomed first-half profit firms ahead of agreed takeover by Permira	23-09-22	AN
Ergomed Posts Flat H1 Profit; Revenue Rises	23-09-22	MT
Earnings Flash (ERGO.L) ERGOMED Posts H1 Revenue GBP76.7M	23-09-22	MT
Ergomed plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-22	CI
FTSE 100 Closes Modestly Lower on Asia Caution	23-09-04	DJ
Stocks wilt after early promise with US closed	23-09-04	AN
British Land Shares Lack Drivers as City Valuations Dip	23-09-04	DJ
ANALYST RECOMMENDATIONS : Ergomed, Dollar general, Salesforce, Citigroup, Goldman Sachs...	23-09-04
AIM WINNERS & LOSERS: Physiomics brings in COO; Ergomed receives bid	23-09-04	AN
Ergomed agrees GBP700 million takeover by Permira	23-09-04	AN
Stocks lifted by hopes for US rate pause	23-09-04	AN
Ergomed Agrees GBP703 Million Takeover by Permira Funds	23-09-04	MT
CMC names new CFO; takeover offer for Ergomed	23-09-04	AN
Permira Advisers Ltd. entered into a scheme of arrangement to acquire Ergomed plc for approximately £700 million.	23-09-03	CI
FTSE 100 Closes Tuesday Up 0.2% Lifted by Unilever, Miners	23-07-25	DJ

Chart Ergomed

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Company Profile

Ergomed PLC is a United Kingdom-based company that is primarily focused on providing specialized services to the biopharmaceutical industry. The Company operates through two segments: Clinical Research Services (CRO) and Pharmacovigilance (PV). Its CRO segment is the process of developing medical therapies, drugs and knowledge for safe use in healthcare. Its PV segment is engaged in the activities relating to the detection, understanding and prevention of adverse effects or other drug-related problems throughout its lifecycle. The Company serves over 100 countries. It operates in North America, United Kingdom and Europe, Middle East and Africa, and Asia. The Companies subsidiaries include PrimeVigilance Inc., PrimeVigilance USA Inc., PrimeVigilance s.r.o., PharmInvent regulatory s.r.o., PrimeVigilance Japan K.K., Haemostatix Limited and Sound Opinion Limited.

Sector

Biotechnology & Medical Research

Calendar

2024-09-23 - Q2 2024 Earnings Release (Projected)

More about the company

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