OPD offer
12 September 2012
OPD Group’s increased offer of Imprint has lapsed
UK recruitment company OPD Group said its increased offer for Imprint has lapsed, adding that it has received valid acceptances for 2.58% of Imprint's issued share capital. On 9 April, OPD had extended its offer for Imprint to 29 April after receiving additional acceptances.
Imprint has been the subject of a bidding war between recruitment rivals OPD, Hydrogen Group and Premier Group. In early March, Imprint withdrew its recommendation for Hydrogen's offer and subsequently recommended a rival, all-cash bid from peer Premier Group that valued Imprint at £45.2m.
Prior to that, Imprint had endorsed Hydrogen's revised basic offer of 0.461 new Hydrogen shares for each Imprint share, which valued the group at £42.9m.
