Announced
Financials
Tags
Pending
Friendly
Single Bidder
Acquisition
Public
United Kingdom
home safety products
Security Equipment
Cross Border
Majority
Synopsis
Intelligent Safety Electronics agreed to acquire FireAngel Safety Technology Group, a United Kingdom-based company, which sells and distributes home safety products and accessories, for £23m. "We think this is a great deal for FireAngel Shareholders and are delighted that the Board has recommended our offer. We believe it represents an excellent premium to the share price and encourage shareholders to accept the offer," Wang Jiejun, ISE Director.
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