Shares in Ramsdens Holdings (AIM:RFX) jumped 28% to 580 pence after agreeing a recommended cash takeover by FirstCash, the US pawnbroking group. Shareholders will get up to 609 pence a share, valuing Ramsdens at around £206 million, well above its all-time high.
IP Group (LSE:IPO) has rejected a £616 million pound takeover approach from its biggest shareholder, Railpen, which manages the Railways Pension Scheme. The pension fund argues IP Group would fare better away from public markets, but now has until the 20th of July to make a firm bid or walk away. IP Group hasn't issued its own formal response yet.
Metals One (AIM:MET1) has built a 5.57% stake in Talon Resources as it begins trading on AIM. Talon's switched from a cash shell to a gold explorer focused on the Eagle Lake project in Ontario, where historical samples hit 204 grams per tonne of gold.
Tertiary Minerals (AIM:TYM) made strong progress in Zambia in the first half of its financial year, unveiling a new silver-copper exploration target at Mushima North estimated at 15 to 30 million tonnes. Drilling there has also returned some of the project's best grades to date, including a 97 metre intersection at 56 grams of silver per tonne.
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