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Collagen Solutions Shares Plunge 5.43% as Delisting Nears

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Simon Mugo

Shares of Collagen Solutions PLC (LON: COS) today fell 5.43% after the company announced that Rosen’s Diversified had made its takeover offer wholly unconditional and urged shareholders to accept the offer.

The company said that its delisting from the AIM is likely to be completed by November 17. Investors who are yet to accept the offer were urged to do so as soon as possible.

Rosen’s offer to buy the company’s outstanding shares at 6.5p apiece has been accepted by approximately 90.91% of Collagen Solutions issued share capital giving the green light for the deal to proceed.

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Collagen solutions share price

Tradingview chart of Collagen Solutions share price 20102020

Collagen solutions shares today plunged 5.43% to trade at 6.25p having fallen from Monday’s closing price of 6.50p.

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Simon Mugo
Simon Mugo
Contributor

Simon ist Autor und Analyst für den Bereich Finanzwesen und blickt auf über sechs Jahre professionelle Erfahrung als Trader zurück. Er absolvierte einen Bachelor in Mathematik und Informatik und hat eine Leidenschaft für die Finanzmärkte. Simon handelt FX, Rohstoffe und Aktien. Er konzentriert sich auf Price Action Trading.