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CyanConnode shares rocket amid £35m takeover bid
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CyanConnode shares rocket amid £35m takeover bid
Shares in CyanConnode have leapt 19% today after the Cambridge company confirmed a £35 million takeover approach. The IoT communication and smart metering solutions provider said Dubai-based Esyasoft Holding Ltd was considering an all-cash offer. Shares in the company are now up 22% in the year to date. Last year former non-executive director Björn Lindblom took on the role of non-executive chairman, whilst executive chairman John Cronin stepped…
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