Specialist IFA and asset manager Frenkel Topping (LON: FEN) has made an indicative all-share offer for personal injury claims generator NAHL (LON: NAH) although there is no confirmed bid. There is some overlap between the businesses, but this may not be the right deal for Frenkel Topping.
NAHL says that it is considering the proposal. The announcement added 8.8p to the NAHL share price taking it to 57.4p, which values the company at £26.5m. That is one-third of the level it was less than three years ago, which was well below the all-time high.
As ever in these deals, Frenkel Topping mana...
