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Ridgeview Gets 45% Shareholder Support for Pinewood Bid

MT Newswires·09/09/2026 05:16:33
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05:16 AM EDT, 09/09/2026 (MT Newswires) -- Ridgeview Partners secured irrevocable undertakings from 44.62% of Pinewood Technologies Group (PINE.L) shareholders in favor of its recommended takeover offer for the latter, according to a Wednesday filing. The US-based private equity company, through UK Piston Bidco, launched an offer in August to acquire the London-listed cloud-based full-service technology provider at 4.48 pounds sterling per share, valuing it at 545 million pounds.