The deal, pushed through by Ernst & Young’s corporate financiers, will see Choice take up the all of the available shares in the company for 8 pence per share, valuing the offer at £5.1m.
The Dennis Group, of which Choice is a subsidiary already owned a 6.57% steak in IFG.
IFG’s current portfolio, which features Bizarre, Fortean Times and Jack as well as Viz, will be incorporated into Choice’s current offerings.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.