
Top Hyve stakeholders to reject Providence offer11th April 2023 | published by EW SHARE
Significant shareholders have said they plan to oppose the private equity bid for Hyve Group.
Redwheel, the second largest stakeholder, owns 11.6% of the exhibition group, but has said the £481m offer from Providence Private Equity undervalues the business.
The bid for the London-based exhibition organiser, based on a valuation of 108p a share, was announced last month and is set to be voted on by shareholders on 3 May.
The second biggest shareholder in the group, Redwhe...
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