Baker Tilly would pay cash for RSM Tenon

Baker Tilly has announced it would pay cash for RSM Tenon, following an investors' notice last week that it was considering the acquisition.

This second stock market announcement restated the first which said RSM Tenon's discussions with Baker Tilly "may or may not" lead to an offer for the entire issue share capital of the company. Today's statement said despite the announcement any offer would be made in cash, the statement was "not one of a firm intention to make an offer". Last week's announcement said RSM Tenon had been supplying information to Baker Tilly to help it evaluate the potential investment. It added: "Given the level of debt within the company, any potential transaction would require the support of its s...