International Personal Finance Accepts £543M Takeover Offer from BasePoint Capital
International Personal Finance has accepted a £543 million takeover offer from BasePoint Capital, providing shareholders with 235p per share, a 31% premium over the stock's closing price when discussions began in July. Everyman Media's CEO, Alex Scrimgeour, has stepped down immediately, with non-executive director Farah Golant serving as interim CEO until a permanent replacement is appointed.
Additionally, the UK has incurred nearly £1.5 billion in wasted wind power this year due to grid bottlenecks, impacting household bills. Meanwhile, a start-up founded by former Boris Johnson adviser Ben Warner has raised nearly £7 million to develop AI-powered polling. Lastly, Rolls-Royce CEO Tufan Erginbilgic is set to receive a share-based reward potentially exceeding £100 million, reflecting the company's turnaround under his leadership.
