Board of UK government contractor recommends deal with private-equity owned rival
The outsourcer Mitie has agreed to a £3.1bn takeover by its private-equity owned rival OCS Group, ending nearly four decades on the stock market and making it the latest London-listed company to be acquired this year.
On Tuesday, the government contractor said its board has recommended that shareholders accept a cash offer of 221.6p a share, a 44.7% premium to Monday’s closing price.
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This article was originally published by The Guardian and written by Lauren Almeida.
Read original article on The Guardian