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Sparks commentary - musicMagpie

Consumer

Sparks - musicMagpie

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musicMagpie (LSE: MMAG) – Recommended cash acquisition from AO World
Published by

musicMagpie has received a recommended cash offer from AO World at 9.07p per share, which values the company at £9.982m. The offer price represents a 58% premium to the last close price. AO World believes that musicMagpie’s online business model will be complementary to its own, broadening its range of products through an enhanced consumer technology offer focused on sustainability. Furthermore, AO believes that through leveraging its existing supply chain, musicMagpie could lower its costs of acquisition and further scale its refurbished consumer technology business.

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