What is the amount of Basepoint's takeover proposal for IPF?

Basepoint has made an increased takeover proposal of 514.9 million pounds, which is approximately $693.31 million.

What is the cash offer per share for IPF shareholders?

Under Basepoint's proposal, IPF shareholders would receive 235 pence per share in cash, representing a 6.8% increase from a previous bid.

What was the market reaction to the takeover proposal?

Shares in IPF rose as much as 9.8% to 218.5 pence, marking the highest price since January 2019.

When does IPF expect a firm offer from Basepoint?

IPF stated it would recommend the revised proposal to shareholders if Basepoint makes a firm offer by October 22.

What premium does the latest proposal represent?

The latest proposal represents a premium of 31.1% to IPF's closing price on July 29, the day before the first approach was made public.

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Home > Finance > UK's IPF jumps on Basepoint's sweetened $693 million takeover proposal

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UK's IPF jumps on Basepoint's sweetened $693 million takeover proposal

Published by Global Banking & Finance Review®

Posted on September 24, 2025

1 min read

Last updated: January 21, 2026

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UK's IPF jumps on Basepoint's sweetened $693 million takeover proposal

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UK's IPF Shares Surge on Basepoint's Enhanced $693 Million Bid

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