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UK Universe Group receives initial approach
Wednesday 16 September 2009

UK retail and loyalty systems specialist Universe Group plc (LON:UNG) said on Tuesday that is has received a preliminary acquisition proposal for its issued and to be issued stock.

The preliminary approach, subject to due diligence, may not result in a firm offer, the company said.

Universe will provide further information in due course.

Its board of directors believe that the current price of the company stock does not accurately reflect its potential and persist in working towards increasing shareholder value.

Date Published: 16/09/2009
Target: Universe Group Plc
Country: UK
Sector: IT/Online Services, Wholesale/Retail
Type: Corporate acquisition
Status: Bidding