Digital marketing firm Mission Group has said it is considering a higher £32.3million takeover approach from Brave Bison.
It is an increase on Brave Bison’s initial potential all-stock offer, which was worth around 29p a share, valuing fellow Aim-listed rival Mission Group at about £27million.
But Mission Group said the latest takeover tilt may still be inadequate.
Brave Bison has until June 9 to make a firm offer for Mission Group or walk away. Mission Group shares soared 14.3 per cent and Brave Bison’s were unchanged.
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