Last day of trading on London stock exchange likely to be 24 March
ISG is set to delist from the London stock exchange and become a private business next month, after its £85m takeover by US investor Cathexis last week.
Cathexis snapped up the UK builder after a ten-week battle after amassing more than 50% of the firm’s shares. The investor required more than 75% support to take the firm private and passed that threshold today.
In a statement ISG said its last day of trading is expected to be 24 March, with cancellation taking full effect at 7am on 29 March.