|Bid||910.00 x 0|
|Ask||913.00 x 0|
|Day's Range||912.00 - 913.00|
|52 Week Range||525.00 - 950.00|
|Beta (5Y Monthly)||0.26|
|PE Ratio (TTM)||64.68|
|Forward Dividend & Yield||0.15 (1.61%)|
|Ex-Dividend Date||Apr. 29, 2021|
|1y Target Est||N/A|
London-based Cinven made a series of takeover offers for Sanne earlier this year but had been pipped by Apex.
LONDON (Reuters) -A mass corporate switch in Europe to holding virtual annual shareholder meetings or AGMs has picked up pace this year, raising concern among investors that some companies will try to ditch the physical version permanently. The pandemic prompted an overhaul of the way companies meet investors, with those in Britain relying on emergency laws to allow them to hold online AGMs in the 2020 season. But in the second year of the pandemic, there are concerns that permanently virtual meetings could limit investors' ability to hold executives to account.
Britain's Sanne Group said on Friday it will enter into buyout talks with Cinven after the private equity firm made a sweetened all-cash offer of 1.42 billion pounds ($2.01 billion) for the asset management services provider. Sanne said the unsolicited offer of 875 pence per share from Cinven was the fifth such proposal made by the fund. The company in May rejected a 1.35 billion pounds offer from the investment group and said it undervalued Sanne.