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FireAngel Safety Technology Group PLC - Coventry, England-based manufacturer of smoke detectors, carbon monoxide detectors and other home safety devices - Takeover offer from Intelligent Safety Electronics Pte Ltd is declared unconditional as ISE owns or has acceptances for its offer for 79.2% of FireAngel shares, surpassing the amended acceptance condition for the offer of 75%. The offer, of 7.40 pence per share in cash, remains open for remaining acceptances until July 1. ISE has asked FireAngel’s board to apply to de-list its shares from AIM. ISE is a holding company owned by Siterwell Electronics Co Ltd, which is a Zhejiang, China-based high-tech manufacturer focused on developing and manufacturing various types of sensor alarms and internet-enabled products.
Current stock price: 6.70p, down 4.3% in London on Monday
12-month change: up 52%
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