Matchtech Group plc (Ticker: MTEC) announced today a £58m recommended cash and share offer for Networkers International plc (Ticker: NWKI).
Liberum is acting as Rule 3 Independent Adviser to Networkers International and is now its nominated adviser, or Nomad.
Both companies operate in the professional staffing sector and the combined Group will be a leading specialist recruiter in engineering and technology markets in the UK and internationally.
The offer of 34p in cash and 0.63256 Matchtech shares for each Networkers International share represents an implied premium of 22.5% to last night’s close of 55p.
Networkers website: http://www.networkersplc.com/
Matchtech website: http://www.matchtechgroupplc.com/investors
The Liberum Investment Banking Team
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