- Consulting firm Science Group said it had increased its holding in digital radio specialist Frontier Smart Technologies to 70.3%.

Science Group had on Tuesday bought another around 8.1m shares in the company, for 25p each.

Consequently, it said it had initiated discussions with Frontier to effect a statutory merger between Frontier and a wholly-owned subsidiary of Science Group.

Each outstanding Frontier share immediately prior to the effective time of the merger would be converted into the right to receive 25p per share.

The offer was anticipated to remain open until 6 September.

At 9:45am:

[LON:FST] Frontier Smart Technologies Grp Ltd share price was 0p at 25p

[LON:SAG] Science Group share price was 0p at 186.5p

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