In this episode of the midweek takeaway we are joined by Richard Horwood, COO of Electric Guitar (LSE:ELEG) after the company announced the share-for-share acquisition of Mymyne Limited, a developer of data-related software solutions and sales and marketing services provider. This acquisition, which is part of Electric Guitar's buy-and-build strategy, is expected to bring significant synergies and cost savings by integrating Mymyne's software capabilities and sales resources in-house. The acquisition is subject to shareholder approval at a general meeting on 27 August 2024. Additionally, Electric Guitar will issue new ordinary shares as part of the acquisition and to certain professional advisers.

The information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.