Bidding battle ensues for ICG unit With Intelligence

12th Jul 2023 12:07

(Sharecast News) - A takeover battle has ensued over With Intelligence, the provider of financial data to hedge funds.

Motive Partners and Flexpoint Ford, on the one hand, and Cinven, the buyout specialist, on the other, are the two bidding groups, Sky News reported, citing insiders.

Houlihan Lokey was handling the auction for Intelligence, previously known as Pageant Media.

Final bids for Intelligence, now owned by Intermediate Capital Group, were expected to be submitted on Wednesday.

Among other assets, Intelligence owned Hedge Fund Alert, Eurekahedge and Pension Funds Online.

Intelligence was reportedly anticipating an annual profit of approximately during the following year £25m.

Top Risers

Share	Price	Change
Mediazest (MDZ)	0.10	66.67%
T42 Iot Track. (TRAC)	4.50	38.46%
Sareum (SAR)	36.50	25.86%
Shield Thera (STX)	1.90	24.59%
Scirocco Energy (SCIR)	0.30	20%

Top Fallers

Share	Price	Change
Active Energy (AEG)	0.225	-40%
Petrel Resources (PET)	2.05	-28.07%
Regtech Open (RTOP)	1.7975	-20.94%
Galantas Gold (GAL)	9.50	-19.15%
Huddled Group (HUD)	3.10	-14.29%

Top By Volume

Share	Price	Volume
Cap-xx (CPX)	0.0925	292,967,497
Lloyds (LLOY)	54.30	274,069,507
Supply@me Cap (SYME)	0.0289	204,770,119
Mediazest (MDZ)	0.10	138,276,686
BT (BT.A)	108.95	124,099,342

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.