Offer document published for Brave Bison’s increased and final £53.4 million offer to acquire System1
October 2026
On 7 October 2026, Brave Bison announced the fifth and final increased offer to 180 pence in cash and 2.394 New Brave Bison Shares and 1 Bison CVR a contingent value right which may deliver 20 pence in cash. In aggregate, the final offer includes a 13% increase to the prior offer with a value of £53.4 million.
Details of the original offer can be found in our news item dated 27 August 2026 and details of the previous offer can be found in news item dated 17 September 2026.
The Perivan shareholder communications team was delighted to work again with Addleshaw Goddard who acted as Legal Adviser on the documentation which was successfully completed and posted to qualifying shareholders on 9 October 2026.
For further information, click here.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.