Imprint and Hydrogen

IMP

HYDG

Published date:
Thursday, February 21, 2008

Shareholders in recruiter Imprint (IMP:AIM) will next Friday (29 February) cast a final vote on the firm’s takeover. The board has recommended Hydrogen’s (HYDG:AIM) offer, backed by private equity group 3i QPE and rejected OPD (OPD). Hydrogen needs at least 75% of votes to secure Imprint, with OPD only requiring 50%. Both companies increased their proposals on last week’s deadline, offering a mix of cash and shares.

Shares says: Hydrogen is offering more cash (with restrictions) and is likely to secure the takeover. DC

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