IMI acquisition news pushes share price upwards

0 mins. to read
IMI acquisition news pushes share price upwards
Master Investor Magazine

Master Investor Magazine 53

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 250 engineering firm IMI (LON:IMI) has seen its share price rise by 2.06% to 953.40p (as of 11:55 BST) after it announced the proposed acquisition of US-based PBM. Management said that the deal would be valued at $70.3 million and would offer opportunities to expand IMI’s Critical Engineering division in to adjacent markets.

CEO Ron Twite said: “Our strategy at IMI is all about delivering tremendous value by solving industry problems – and putting customers at the heart of our decisions and processes. We are delighted to know that PBM has values and ambitions very similar to our own and I am excited to welcome the company to IMI“.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?

The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.