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Smoove – possible offer “formal due diligence process is now well advanced”, but how much offer upside now is there?

By Steve Moore | Friday 11 August 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Describing itself as a “customer focused technology and services business aiming to revolutionise home moving and ownership”, Smoove (SMV) has announced that, following a possible cash offer, “constructive discussions have continued between the parties and that a formal due diligence process is now well advanced… Takeover Panel… extension to… 5.00 p.m. on 8 September 2023”. What of the share price response currently to 48p?
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