Circle8 Group has submitted a preliminary, non-binding proposal for a possible cash offer for SThree, with combined gross revenues that could approach $3 billion. The proposed structure is intended to avoid issuing additional Circle8 common stock, meaning existing shareholders would not be diluted if the transaction advances, although no firm offer or completion is assured.

Key Highlights

  • Existing Circle8 shareholders would not be diluted under the proposed financing structure.
  • The proposal remains preliminary and is not a firm intention under Rule 2.7.
  • Circle8 has proposed a preliminary, non-binding cash offer for SThree.
  • Combined gross revenues could potentially approach $3 billion.

CIRCLE8 GROUP INC (NASDAQ: CIRC) has put forward a preliminary, non-binding proposal for a possible cash offer for SThree, with gross revenues of the combined entities potentially approaching $3 billion. The proposed transaction is currently structured without issuing additional Circle8 common stock, so existing shareholders would not be diluted under the described terms.

SThree Proposal Remains Preliminary

The process remains at an early stage, with no certainty that Circle8 will make a firm offer or that a transaction will be completed. SThree would bring positions in technology, engineering and science alongside its established international presence.