After agreeing terms to pay 240 pence a share for Aegis — 48 percent higher than Wednesday’s closing price — markets reacted with the share price nearing the offer mark at 236 pence.

The deal is being recommended to shareholders and Buhlmann said it was great news for shareholders and stakeholders - staff and clients - as the bid would mean “continuity, stability and a platform for growth for both businesses going forward.”

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