Tribal Group's Board Keeps Recommendation for Main Capital's Bid After Jenzabar Approach

09:08 AM EDT, 09/29/2026 (MT Newswires) -- Tribal Group's (TRB.L) board continues to recommend Main Capital Partners' improved takeover bid ahead of its general meeting on Friday, despite a higher competing proposal from Jenzabar. The board said Tuesday that Main Capital-backed Thames Bidco's latest offer of 1.05 pounds sterling per share is in the best interests of the company and represents the "only certain transaction currently available." Earlier in the day, the education-related software and services company received an unsolicited, conditional proposal of 1.11 pounds per share from Jenzabar, its largest single shareholder with a 26.19% stake. The board noted that there is no certainty Jenzabar will make a firm offer and advised shareholders to take no action in relation to this bid at this time.