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Collagen Solutions Shares Plunge 5.43% as Delisting Nears

Simon Mugo trader
Updated 20 Oct 2020

Practice Stock Trading
Collagen solutions logo

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.

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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.

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 has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading