- Consulting company Science Group said it had made a takeover bid for digital radio company Frontier Smart Technologies.

Science Group offered 35p per Frontier share, which it said represented a premium of about 138% to the company's closing share price on 17 May, when it first announced an approach.

Science Group already owned 28.3% of Frontier.

'Science Group encourages all Frontier shareholders to accept the offer, which it considers to be at an attractive premium, particularly in view of the financial situation and operating performance of Frontier as set out in the trading update made by Frontier on 9 May 2019,' the company said.

Story provided by