Phoenix increases its offer for ICM

Phoenix IT Group plc has issued a stock exchange statement saying that it is to increase its cash and share offer for ICM.

Phoenix says that its offer has the support of ICM shareholders representing approximately 62.1 percent of the company’s total share-holding.

The increased offer values each ICM share at 505 pence and the existing issued ordinary share capital of ICM at approximately £107.8 million.

Read the statement.

•Date: 26th April 2007 • Region: UK •Type: Article •Topic: BC markets
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