The commercialisation firm has secured support for a takeover from shareholders who hold 96.5% between them in its peer Touchstone Innovations.
UK-based commercialisation firm IP Group revealed on Monday that it has obtained the support of shareholders holding a total of 96.5% of shares in Touchstone Innovations, its peer spun out from Imperial College London.
IP Group also extended its offer until October 6, though Touchstone’s board has continually rejected the offer saying it undervalues the firm.
Imperial College previously said it was in favour of the deal, choosing to side against Touchstone’s board of directors. IP Group is offering…
