
Brave Bison makes final £53.4m offer for System1
The fifth offer adds cash and conditional share-price protection as Brave Bison seeks support to end a hostile takeover battle.

Deals Correspondent · London
James covers mergers, acquisitions, management buyouts and business sales, tracking deals from the first approach to completion. He reports on valuations, private equity activity and the advisers behind the transactions, and writes regularly on succession and exit planning for founders.
Covers: M&A · Private equity · Business sales & exits

The fifth offer adds cash and conditional share-price protection as Brave Bison seeks support to end a hostile takeover battle.

Owners need to transfer operational, managerial and leadership responsibilities before handing over equity, argues Pavlo Phitidis.

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