NIQ said its Australian subsidiary has launched a conditional off-market offer to acquire all outstanding shares of The U Group & Co Limited. The offer is subject to a 90% shareholder acceptance condition and other customary conditions, and The U Group's board has unanimously recommended that shareholders accept the offer. The acquisition would add The U Group's ReceiptJar app, consumer-consented purchase data and receipt-intelligence capabilities to NIQ's global intelligence platform, expanding its measurement of consumer purchasing behavior. The companies will continue to operate independently until the offer becomes unconditional and the process to acquire 100% of U Group is completed.
NIQ Global Intelligence plcNIQ launches a conditional off-market bid to acquire all outstanding shares of The U Group, an M&A event.
The U Group's board unanimously recommends shareholders accept NIQ's acquisition offer for all outstanding shares.
