US company set for takeover of Newry tech firm
[Google]
FD Technologies, the Newry-based technology firm, is on the brink of being taken over by a US company.
The firm's board of directors said it had received a number of proposals from TA Associates, a Boston-based private equity company.
The most recent offer was for £24.50 a share which compares to a closing market price of £19.30 a share yesterday.
The board said that should TA Associates make a firm offer at £24.50 it is "minded" to tell shareholders they should accept the deal.
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