Verdane-Linked Bid Values Augmentum Fintech at £185.7 Million in Recommended Offer
Augmentum Fintech has received a recommended cash acquisition proposal from Frontier Bidco, managed by Verdane Fund Manager, valuing the company at £185.7 million or 111 pence per share. The bid equals a 27% premium to the prior closing share price of 87.40 pence but sits at a 28.6% discount to the company’s estimated net asset value of 155.4 pence…