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STM £40m acquisition delayed for another month

The £39.8m acquisition of pension services and SIPP provider STM by Guernsey-based investment vehicle Pension SuperFund Capital has been extended for another month after the firms said it was taking longer than expected to receive regulatory approvals.


Pension SuperFund acquires STM for £40m

Pension services and SIPP provider STM has been acquired by Guernsey-based investment vehicle Pension SuperFund Capital in a £39.8m deal that was extended several times since first being announced in July.


STM profits down amid extended takeover talks

SIPP provider STM has reported half year, pre-tax profit down by £400,000 as negotiations over a takeover bid for the group are extended again.


'Inadvertent rule breach' in STM bid

Pension SuperFund Capital has reported an “inadvertent breach” of one of the rules of City Code on Takeovers and Mergers in its announcement on 8 September about its offer for SIPP provider STM Group.

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