Frankel to Pursue Cash Acquisition of Idox via Takeover Offer

11:47 AM EST, 01/05/2026 (MT Newswires) -- Frankel UK Bidco decided to implement its proposed cash acquisition of Idox (IDOX.L) through a takeover offer rather than the previously planned scheme of arrangement to increase the certainty of deal closing, according to a Monday release. The board of the London-listed information management software company continues to recommend the offer and also advises not to attend the court and general meetings scheduled for Tuesday, as the scheme is now rendered redundant. In October 2025, Frankel, a newly formed entity indirectly controlled by Long Path Partners' funds, offered 0.715 pound sterling in cash per Idox share, valuing the latter at 339.5 million pounds. The deal is subject to the bidder receiving valid acceptances, among other conditions.