Liberum acts as Corporate Broker on recommended £153.8m cash offer for Communisis plc

Liberum is pleased to announce that it is acting as Corporate Broker to Communisis plc in connection with its recommended cash offer by Output Services Group, Inc.

Communisis is an integrated business services company that provides digitally enabled solutions for regulated communication and marketing execution. On 23 October, Communisis announced it was recommending an offer by Output Services Group, a US based omnichannel billing company.

The offer price of 71 pence per share represents:

  • a premium of 39.8% to the closing price of 50.8 pence per share (on 22 October 2018) the date prior to publication of this announcement
  • a premium of 40.6% to the volume weighted average price per Communisis Share of 50.5 pence per share for the one month period ended 22 October 2018

Liberum helped deliver irrevocable undertakings and LOIs from Communisis shareholders that represented c.43% of the register.

Liberum Team

Investment Banking – Neil Patel, Cameron Duncan, Jonathan Wilkes-Green

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