18 October 2017
visit www.response.ncr.com

Retail Decisions agrees £168m takeover bid

02 October 2006  |  10467 views  |  0 handshake

UK card operator and payments processor Retail Decisions has agreed to a £168 million cash takeover bid from European private equity firm Palamon.

ReD said last Thursday that it was in "advanced discussions" with a party regarding a possible offer. The news sent the company's stock soaring and by the end of the day ReD shares stood at 193.5 pence, up 36.25 pence.

Palamon has formed a bid vehicle called RD Card for the offer. Under the takeover deal ReD shareholders will receive 205 pence per share in cash, which is a 30% premium to the vendor's closing share price last Wednesday, the day before ReD said it was in advanced takeover talks.

According to reports, RD Card has received undertakings to accept the offer from shareholders representing 25.29% of Retail Decisions' share capital. The bid proposals will be put to ReD shareholders at an EGM in mid-November.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Retail Decisions courts suitors

Retail Decisions courts suitors

05 July 2006  |  4778 views  |  0 comments
Retail Decisions terminates takeover talks

Retail Decisions terminates takeover talks

01 June 2006  |  4509 views  |  0 comments
Retail Decisions confirms bid approach

Retail Decisions confirms bid approach

17 May 2006  |  4183 views  |  0 comments
Retail Decisions inks First Data CNP deal

Retail Decisions inks First Data CNP deal

21 March 2006  |  6964 views  |  0 comments
Retail Decisions buys Australian pre-paid card operator E Com Industries

Retail Decisions buys Australian pre-paid card operator E Com Industries

05 December 2005  |  6750 views  |  0 comments
Retail Decisions confirms acquisition rumours

Retail Decisions confirms acquisition rumours

05 October 2005  |  4583 views  |  0 comments
Fifth Third licenses Retail Decisions card fraud detection technology

Fifth Third licenses Retail Decisions card fraud detection technology

08 August 2005  |  6432 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15106 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8329 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7815 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7220 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6384 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job