InterQuest turns down offer to buy from Chisbridge

Two independent directors of InterQuest have knocked back an offer to buy the technology recruiter led by a new company formed by the group’s leadership team.

Yesterday the board of Chisbridge, a newly set-up company created by InterQuest chairman Gary Ashworth, CEO Chris Eldridge and chief financial officer David Bygrave, released a statement revealing they had made an offer for InterQuest valuing the group at 42p per share.

This statement was swiftly followed up by a statement from independent directors Paul Frew and David Higgins in which they revealed they had been advised by investment bankers Panmure Gordon that Chisbridge’s “unsolicited” approach to the company materially undervalued InterQuest and its future prospects.

Consequently, Frew and Higgins concluded they could not recommend the proposed offer for the business and that InterQuest shareholders take no action in respect of the proposed offer at this stage.

• Want to comment on this story? Email us at recruiter.editorial@redactive.co.uk or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

Email story to a friend

Twitter Twitter

FINANCIALS: ClearStar reveals revenue jump

US-based ClearStar has seen revenues jump 12% year-on-year, according to unaudited results for the six months ended 30 June 2017.

Financials 19 September 2017

CONTRACTS AND DEALS: 18-22 SEPTEMBER 2017

This week’s contracts and deals include: Embridge Consulting, Hireserve, Sigmar Recruitment, Swarovski, Technojobs, Workday

Contracts 18 September 2017

FINANCIALS: Parity posts marginal revenue drop

Parity Group has posted a marginal decline of group year-on-year revenues, according to interim results for the six months to 30 June 2017.

Financials 14 September 2017

Rob Sheffield resigns at Nakama Group

Rob Sheffield has resigned as CEO at international recruiter Nakama Group.

People 13 September 2017
Top