T&N merger options floated
Sat Apr 18, 2026 3:36 pm
Multi-national T&N today floated merger options, with a hefty 160% floater in the offering.
According to people familiar with the offer a sizeable portion of the floatation will be in tanks, with late day rounding fees being avoided in line with the recently updated FANDAQ ruling ; a move that is likely to be warmly welcomed by the majority of shareholders in both businesses.
Both T&N shares jumped rapidly after the announcement, before rebounding frequently.
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