Animalcare stock holds near Charterhouse’s 336p offer with clock ticking
Animalcare Group PLC traded flat just under the bid price on Tuesday. Hargreaves Lansdown quoted Animalcare at 330p to sell and 333p to buy. No change. The FTSE AIM 100 slipped 0.24%. Animalcare’s 331.5p midpoint stayed a little under the 336p a share CCP Paw 2 Limited is offering in cash. Trading looked like takeover arbitrage instead of a reaction to earnings. No indication of a different operating angle in the latest filings. Octopus Investments’ Form 8.3 shows it holds 3.91 million Animalcare shares, or 5.66%. Octopus sold some shares on June 15 at about £3.3208 each. Panmure Liberum submitted Form 8.5 with small trades for clients. These filings are regular Takeover Code steps during a bid. Animalcare shares have