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IP Group board may reject Railpen's improved takeover offer without more concessions, says Deutsche Bank

Market News
21 Jul 2026
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Neutral
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Deutsche Bank reports that IP Group PLC's board may find it difficult to support Railpen's revised takeover bid without additional concessions. Railpen's new offer includes 61p per share in cash, a stake in Oxford Nanopore valued at about 10.6p per share, and a contingent value right linked to Metsera worth up to 11.3p per share. Despite addressing some concerns, the offer still values IP Group shares at a significant discount to their last reported net asset value, which may prompt further negotiations. Deutsche Bank maintains a buy rating and 110p target on IP Group shares, which closed at 64.7p.

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