GlobalData Ends Offer Discussions
Why we think this is neutral
This announcement does not contain any of the mandatory news types required for a more detailed analysis. It is a general update regarding the termination of offer discussions, which does not provide specific financial or operational information.
Key Points
- GlobalData has terminated discussions with ICG regarding a possible cash offer for the company
- The Board remains confident in GlobalData's future prospects and its three-year Growth Transformation Plan
Summary
The data and analytics company has terminated discussions with a potential acquirer, remaining confident in its future prospects.
GlobalData Plc has announced that it has terminated discussions with ICG regarding a possible cash offer for the entire issued and to be issued share capital of the company, with an option for shareholders to elect for an unlisted equity alternative. The Board remains highly confident in the future prospects of GlobalData, including through the implementation of the three-year Growth Transformation Plan and the target for annualised revenues of £500m by the end of 2026.
Key Dates
Late 2026
Target for annualised revenues of £500m
GENERAL UPDATE