- Host Europe Holdings, a company controlled by funds managed by Cinven Capital Management (V) General Partner (of which Cinven Partners LLP ("Cinven") is the adviser) has announced that it is considering a possible offer for iomart.

Iomart has said that twice in June the independent directors received approaches from Cinven regarding possible cash offers for the company at levels of 275p and 285p per iomart share respectively.

They concluded that both offers undervalued iomart and both were rejected.

At 11:55am:

[LON:IOM] Iomart Group PLC share price was +21p at 256p

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