API admits indicative sale offers have been below mid-market price

Specialist packaging company API Group has issued a trading update relating to its formal sale process, addressing recent share price movement.

Specialist packaging company API Group has issued a trading update relating to its formal sale process, addressing recent share price movement.

The company said that interested parties had been provided with access to management and due diligence information about API, but it acknowledged that to date indicative proposals had been below the closing mid-market price of API shares of 90p.

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