IkeGPS positively charged post takeover bid: analysts

IkeGPS has 34 of the top 106 utilities companies in North America using its utility pole assessment products. (Image: IkeGPS)

Ben Moore

Wed, 12 Feb 2025

Analysts believe the stalled takeover of IkeGPS has resulted in a fairer assessment of its value.Late last month, the New Zealand Exchange-listed (NZX) utility pole assessment technology company announced it had ended takeover talks with a private equity firm because it was unlikely that shareholders would accept an offer of $1 per share.This valued the company at $165 million to $170m and was a 62% premium over the 62 cents per share price at the time.Following the news of the rebuffed offer, Ike’s share price jumped around 30% to 8...

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