Back in Sept 9, the company had already indicated via a holding statement that there’s a possible share transaction. It was trading at $1.25 then.
Sunningdale Tech shares dropped by as much as 11.3% this morning following news that a privatization offer of $1.55 has been tabled.
The precision engineering firm’s share price closed at $1.68 on Nov 9, and the offer was announced after market closed.
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