Tikit to ride over to BT

Telecoms giant BT has made an agreed offer to acquire Tikit Group, the information technology services provider to the legal and accountancy profession.

Telecoms giant BT has made an agreed offer to acquire Tikit Group, the information technology services provider to the legal and accountancy profession.

BT is offering 416p in cash per Tikit share, comfortably above the 353.5p closing price of Tikit on the day before the announcement, and valuing the company at around £64.2m.

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