AdEPT Technology agrees bid from better-funded rival

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Managed IT and networking services provider AdEPT Technology (LON: ADT) is being snapped up by a private equity backed Wavenet, which provides telecom services. The high level of debt has held back the AdEPT Technology share price in the past couple of years and although the 201p a share bid is a 75% premium to the previous market price it is still well below past levels. The share price was more than 300p less than two years ago and was double the offer price in 2018.

However, shareholders ...

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