IN BRIEF: Pinewood Technologies takeover gains court go-ahead

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Pinewood Technologies Group PLC - Birmingham, England-based software provider for automotive sellers - Announces that the court has sanctioned the scheme of arrangement for its takeover by Ridgeview Partners LLC entities. The last day for dealings in its shares will be Thursday, and it expects the scheme to become effective on Friday. Shares will be suspended from trading at 0730 BST on Friday, and Pinewood expects them to be cancelled with effect from 0730 BST on Monday. Pinewood agreed to the 448 pence per share offer, which values it at approximately £545 million, in August.

Current stock price: 447.10p

12-month change: up 7.2%

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