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SThree Rejects Circle8 Group's Unsolicited Takeover Approach

MT Newswires·09/11/2026 08:57:20
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08:57 AM EDT, 09/11/2026 (MT Newswires) -- SThree's (STEM.L) board unanimously and unequivocally rejected an "unsolicited, preliminary and highly conditional" takeover approach from Circle8 Group following a careful review of the proposal. The STEM workforce consultancy's board said Friday the offer "significantly undervalues" the company and its prospects, and is not in the best interests of its shareholders. SThree noted that Circle8 has until Oct. 7 to announce its firm intention to make an offer or walk away, adding that there is no assurance a proposal will be made.