Niche television and online retailer Ideal Shopping Direct has finally concluded a strategic review that began last July, resulting in a private equity-led offer of 220p a share for the company.
IC TIP:
Hold
at
213p
The £78.3m offer from Inflexion Private Equity is in conjunction with the current management team, who will remain with the business and take stakes in the acquisition vehicle, assuming the deal is completed. This looks most likely, considering the scheme of arrangement has already received acceptances from 67 per cent of shareholders.
Price: 162p
When: 24 June 2010
Performance to date: +31%
