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IHC's Esyasoft Gets Further Extension for CyanConnode Takeover Talks

MT Newswires·07/28/2026 11:58:45
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11:58 AM EDT, 07/28/2026 (MT Newswires) -- International Holding Co. (ADX:IHC) subsidiary Esyasoft secured a further extension to make a firm takeover offer for or walk away from CyanConnode (CYAN.L). The put-up-or-shut-up deadline was further extended to Aug. 4, from the previously scheduled Tuesday, as the companies are now finalizing the remaining elements of the documentation process, according to a same-day release. The London-listed smart metering company noted that there is no certainty any firm offer will be made. Esyasoft's latest offer proposes 0.10165 pound sterling per CyanConnode share, valuing the latter's share capital at 36.5 million pounds. The target's board said the financial terms of the latest offer are at a level it would be willing to unanimously recommend to shareholders.