- Language services group RWS said it had secured more backing for its share-based £854m takeover of rival SDL.

RWS said it had received a letter of intent to accept the bid from Invesco Asset Management in respect to its 4.3% holding in SDL.

It said it now had irrevocable undertakings and letters of intent in respect of around 38.2% of SDL's existing share capital supporting the deal.

RWS has offered SDL shareholders 1.2246 new RWS shares for each SDL share.

Story provided by