Tribal Group (TRBG.L) jumps after Jenzabar interest prompts possible 111p offer
Tribal Group shares rose 3% to 104p after Jenzabar, a 26.2% holder, announced a possible cash offer at 111 pence per share and asked the board to postpone an Oct 2 vote.
Tribal Group shares rose 3% to 104p, their highest level since December 2021, after Jenzabar disclosed interest in a possible cash offer of 111 pence per share. 2% stake in Tribal and urged the board to postpone an October 2 shareholder vote on the Main Capital-backed sale. Under UK takeover rules, Jenzabar has until October 27 to make a firm offer for Tribal or withdraw its interest. 7% year to date.