SThree rejects preliminary cash approach from Circle8
SThree’s ($STEM-LSE) board unanimously rejected a preliminary, unsolicited and highly conditional cash takeover approach from Circle8 ($CIRC). Directors said the proposal substantially undervalues SThree and its prospects. The announcement provides a formal response to the approach, rather than confirmation of agreed terms or a recommendation that shareholders accept an offer. Circle8 remains subject to the UK takeover timetable and must announce a firm intention to make an offer or withdraw by
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