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Investor Update: Eve Sleep and Simba abandon merger plans

Headlines from the Proactive UK newsroom.

Mattress makers Eve Sleep (LON:EVE) and Simba have abandoned their plans for a merger. Eve Sleep’s board decided now is not the right time for the deal. 

Investment management software group StatPro (LON:SOG) has recommended a cash takeover offer from US tech firm Confluence Technologies. The offer of 230p per share values Statpro at £161mln and is a 55% premium to yesterday’s close.

Temporary seating group Arena Events (LON:ARE) has erected the largest temporary hospitality structure ever seen in Japan ahead of the Rugby World Cup, which starts today. The 3,800 square-meter facility is at Shin Yokohama, adjacent to the Nissan Stadium.

RBS (LON:RBS) has confirmed that Alison Rose will be the bank’s new chief executive. She will take up the job on the 1 November with current CEO Ross McEwan to leave a day earlier.

Thomas Cook (LON:TCG) needs to raise a further £200mln in extra funding to ensure its survival. A £900mln finance deal with Chinese firm Fosun was expected to close this week, but the travel groups’ banks now want an extra contingency in place.

Rolls-Royce says that replacing the faulty  blades on its Trent 1000 engine will take longer than expected. There is no change to the expected cost of the repairs despite the additional delays

Quick facts: Eve Sleep PLC

Price: 2.5 GBX

AIM:EVE
Market: AIM
Market Cap: £6.52 m
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