Brave Bison, Barratt Redrow, WH Smith, Babcock, CT Automotive, Harworth, Aptitude Software - One Shot

Brave Bison’s fourth offer for System1 has been rejected by System1’s board as not offering acceptable fair value. The bid implies roughly 328.9 pence per System1 share, based on System1’s 81.0 pence closing price on 15 September 2026. System1 said it received written confirmations from shareholders holding 2,904,129 shares, about 22.89% of issued capital, including its three largest shareholders other than Brave Bison, stating they will not accept the offer. In parallel, CT Automotive raised its FY26 adjusted profit before tax guidance to a $4.9m–$9.4m range after H1 revenue rose 14% to $61.7m. Harworth’s offer climbed to 177.5p valuing it at about £599.77m.