MMGG Acquisition, the private group currently privatising technical recruiter Morson, has enough offers of its share acquisition proposals to take hold of 80.71% of total shares in the company.

MMGG consists of Morson’s management team, namely chairman Gerrard Godfrey Mason, group chief executive Anthony Mason, group finance director Paul John Gilmour and group managing director Kevin Patrick Gorton, which announced the intention to privatise in May.

This puts it closer to the 90% level they would need to achieve by 31 July, when the offer to buy shares closes, to be able to force the sale of the remaining 10% of shares, which would see MMGG own the business outright.

However, having acquired 80% of shares, they are still able to force the remaining shares into the new company.