POSCO bids to acquire Senex

Senex is in discussions with POSCO International in relation to a potential change of control transaction.

On 2 September, POSCO submitted a revised non-binding indicative proposal to acquire 100 per cent of Senex for a cash offer price of $4.40 per share.

This followed the submission of two prior non-binding proposals: on 30 July of $4.00 per share, and 27 August for $4.20 per share.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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