Rosen's Diversified Inc. reached an agreement to acquire remaining 81.3% stake in Collagen Solutions plc (AIM:COS) from a group of shareholders for £23.6 million on August 27, 2020. Under the terms of the transaction, Rosen's Diversified Inc. will pay a cash price of £0.065 per share. Consideration will be financed from existing cash resources of Rosen's Diversified. Rosen's Diversified has received irrevocable undertakings to accept (or procure the acceptance of) its offer (or, in the event that the offer is implemented by way of a scheme of arrangement, to vote, or procure the vote, in favour of such scheme of arrangement at the scheme meetings) from certain institutional and other Collagen shareholders and independent Collagen Directors who beneficially hold or control Collagen shares. The transaction is subject to approval by statutory and regulatory authorities, conditional on valid acceptances of the offer being received in respect of not less than 90% of the share. independent Collagen Directors have unanimously agreed to recommend that Collagen Shareholders accept the Offer. The offer will lapse unless all the conditions to the offer have been fulfilled or on the date which is 21 days after the later of the first closing date and the date on which the offer becomes, or is declared, unconditional as to acceptances. As of October 5, 2020, being the first closing date of the offer, valid acceptances of the offer had been received in respect of 310.9 million Collagen's shares. As of October 19, valid acceptances of the offer had been received in respect of 330.3 million shares of Collagen. As of October 5, 2020, the offer period was extended to October 19, 2020. Stuart Faulkner, Matthew Chandler, James Dance and Jack Botros of Strand Hanson Limited acted as financial advisor to Rosen's Diversified Inc. Craig England and Paul Teitelbaum of England & Company, LLC while Stephen Kane and Christopher McAuliffe of Goodbody Stockbrokers UC acted as financial advisor for Independent Directors of Collagen. Giles Balleny and Stephen Keys of Cenkos Securities plc (AIM:CNKS) acted as financial advisor to Collagen Solutions plc. Neville Registrars Limited acted as registrar for Collagen.