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INTELLIGENCE
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Inspicio independent directors recommend 3i bid to shareholders18/12/2007. Source: AltAssets. 
 3i has made a cash offer of £228.6m for substance testing company Inspicio. The independent directors unanimously recommend that Inspicio shareholders accept the offer.
The 225 pence per share offer represents a 33.5 per cent premium to Inspicio's average closing price of 168.5 pence per share for the six month period prior to the commencement of the offer period, according to a statement.
Inspicio was admitted to AIM in April 2005 as a newly incorporated company. Since then it has acquired traded commodities tester Inspectorate, environmental testing services provider Environmental Services Group, UK food, drink, chemistry and microbiology testing business Eclipse Scientific Group and independent analytical testing and consultancy business Scientifics.
Alan Giddins, 3i's global head of business services, said, 'Business services is a key sector focus for 3i and we are delighted to be in a position to invest in Inspicio. We are looking forward to working with the management team, led by Mark Silver, to help the business achieve its full potential. Inspicio's business reflects 3i's global presence and the underlying organic growth prospects for Inspicio remain strong.'
'In addition we are committed to supporting Inspicio's acquisitive strategy to continue to build its international presence in its core markets,' Giddins added.
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