India, July 10 -- Friday, Safestay plc (SSTY.L) announced that its Board is in talks with Infill Capital Partners, acting through Lume HoldCo S.a r.l., regarding a potential 40.9 million pounds take-private offer.
The company added that the possible offer is for the entire issued and to be issued share capital of Safestay, which may include a cash offer and an unlisted share alternative.
However, no firm offer has been made, and there can be no certainty that any offer for Safestay will be made, nor as to the terms of any such offer.
The company has advised shareholders to take no action at this time.
Currently, Safestay's stock is soaring 114.81 percent, to 29.00 pence on the London Stock Exchange.
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