Stonking stitch-up! | Bonkers Bargain delights
Yet another AIM company is set to be acquired by private equity, with management clearly of the view that 'they' will enrich themselves to a greater extent off the stock market. Elsewhere, it’s a tough outlook for a restaurant operator, but our Bonkers Bargain is looking good following a positive trading update.
K3 Capital – a Stonking stitch-up Further to the announcement on 8 December 2022, K3 Capital Group (AIM:K3C), the provider of specialist advisory services to SMEs and one of our Stonking Small Cap opportunities, has announced that it has reached agreement on the terms of a recommended cash acquisition from private equity firm Sun European Partners. Under the terms of the deal, each “independent” K3 shareholder (that excludes management shareholders) will be entitled to receive 350 pence in cash, a premium of approximately 16.7% to the closing price per K3C share of 300 pence on 7 December 2022, the day before…