India, March 27 -- Montagu Private Equity LLP has confirmed its interest in a potential acquisition of Advanced Medical Solutions Group plc (AMS), following media speculation.
The firm is exploring a cash offer for the medical technology company, though the final terms could vary. However, Montagu has stated that there is no certainty a formal offer will be made.
Under the Takeover Code, Montagu must clarify its intentions by 5:00 pm London time on April 24, 2025. By this deadline, the firm must either announce a definitive offer under Rule 2.7 of the Code or withdraw its interest, in which case Rule 2.8 would apply.
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