05:22 AM EDT, 09/10/2026 (MT Newswires) -- Ridgeview Partners' takeover offer for Pinewood Technologies Group (PINE.L) secured irrevocable undertakings for 44.58% of the London-listed cloud-based full-service technology company's share capital as of Thursday, down from 44.62% on Wednesday. The update follows Feoh Investments UK's sale of an additional 50,000 Pinewood shares, according to a Thursday filing. The latest disposal brings Feoh's remaining shares under its revised letter of intent to support Ridgeview's bid to 15,861 shares, from its initial commitment of 4,014,640 shares. In August, US-based private equity company Ridgeview, through UK Piston Bidco, offered 4.48 pounds sterling in cash for each Pinewood share, valuing the latter's entire share capital at 545 million pounds on a fully diluted basis.

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