The board of finnCap has confirmed it has received merger proposals from Panmure Gordon and is considering the potential for combining the companies.
In a stock market announcement, finnCap noted recent speculation around such a move and confirmed it had received "indicative non-binding proposals" regarding a possible combination of the two companies. This has so far been structured as the "acquisition for cash of finnCap by Panmure Gordon with the alternative for electing shareholders to receive partial consideration in Panmure Gordon securities", although there is no guarantee the offer will remain in this form. finnCap CEO steps down Discussions are at "an early stage" and the announcement clarified that there is "no certain...
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