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Marlowe PLC - London-based provider of software and services for safety and regulatory compliance - Confirms in response to recent press speculation that it is in talks with Glasgow-based engineering, security, cleaning and hygiene services provider Mitie Group PLC regarding a possible offer for the takeover of Marlowe’s entire share capital. Shareholders are advised to take no action at this time. Mitie has until July 2 to make a firm offer for Marlowe, and Marlowe notes there is no certainty that any offer will be made, nor any certainty on the terms of any offer.
Marlowe current stock price: 409.79 pence, up 11% in London on Wednesday morning
12-month change: up 32%
Mitie current stock price: 158.28p, up 0.6%
12-month change: up 32%
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