UK-based commercialisation firm IP Group has obtained enough shareholder approvals to make the offer for its peer Touchstone Innovations, a spinout from Imperial College London, unconditional.
IP Group has received firm acceptances equivalent to approximately 97% of Touchstone’s share capital, including for a 39% stake held by Invesco Asset Management, an investor in both firms.
The news follows yesterday’s decision by the UK’s Competition & Market Authority to not conduct an in-depth phase 2 investigation into the deal.
IP…
