General · 22 June 2026
IP Group rejects £615.8m Railpen takeover
The £615.8 million takeover bid for IP Group has been rejected, even though it came from Railpen, its largest shareholder. Railpen, which manages the Railways Pension Scheme, made the offer on Monday, June 22, proposing 69.7 pence per share for the science and technology investor. Railpen believes IP Group would fare better in private markets, citing its 'challenging experience' as a publicly listed company.
Reported by Financial News · How we write briefs