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@conkers3.bsky.socialâś… #ELCO Avocet Bidco Ltd, indirectly owned by Accel-KKR funds, has made a recommended all-cash acquisition offer for Eleco plc @ ÂŁ2.35 p/s, valuing the co at ÂŁ207.6m
âś…This offer represents a significant premium of 74.7%
Congrats DeargDoom & ALL $ELCO shareholdersđź‘Ź
@deargdoom.bsky.socialEleco #ELCO
Share Price: 134.5p (pre-bid)
Accel-KKR has agreed a recommended cash offer of 235p per share, valuing Eleco at c.£196m — a ~74% premium
A strong validation of its recurring-revenue software model, but also highlights how cheaply AIM valued the business.
SP opened up 70%
Yippee I own!
@stevem1.bsky.social#ELCO.L Eleco falling prey to a generous cash offer of 235p per share from Accel KKR, nice premium and looks like the news hadn't leaked for once. Congratulations to holders, I held in the past from John Kettley days and a 6p share price! Sadly don't any more....
@brokenbanker.bsky.socialthat should read #ELCO.L, not #ECEL.L' as the ticker for the first item 🙏
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