21 May 2025 - possible offer
The Manchester based manufacturer of industrial chains and ancillary products has revealed that it has received indicative takeover approaches from two private equity firms. One of these has proposed a potential takeover at 77p per share, whilst the second firm is potentially going to offer 81p per share. Renold is actively engaging with each party although there is no guarantee that any bid will actually be forthcoming. We have recommended shares in the company at numerous points in the past, most recently at 46.7p on 15 April. The shares have risen by 56% since . . .
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