INSPECS GROUP (SPEC) – Consumer
| Price: 82p n/c | P/E: n/a |
| Market Cap: £83m | Yield: n/a |
Over the weekend, Italian eyewear firm SAFILO has bowed out of the takeover battle for AIM-listed glasses maker Inspecs.
Shares in Inspecs jumped nearly 14% on Wednesday last week when the company said it had accepted an 84p per share offer from UK private equity firm Risk Capital Partners.
Our View
Private equity buyers have been circling Inspecs for some time, and it looks as though we finally have a winner.
Given the premium being offered by RCP (over 100%), it’s no wonder SAFILO decided to walk away.
Read the press release here:
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