27 January 2021 - recommended cash offer

Scapa Group is an AIM-listed, diversified industrial and healthcare group, and we recommended the shares at 121p on 3 November as we believed that the shares were too cheap!  Since then the share price has risen as investors were drawn to the resilient performance of the group during the pandemic.  The company has now received a takeover bid through a cash offer at 210p per share.  The offer is from US-based Schweitzer-Mauduit International Inc., a company quoted in the US.  The offer has been recommended by the board of Scapa, although . . .

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