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Mitie agrees £3.1bn takeover by OCS in blow to London stock market

Europe 1 source 1 country 🔦 Under-reported 42m ago

Board of UK government contractor recommends deal with private-equity owned rivalBusiness live – latest updatesThe 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.

Summary from source
Read the full story at the source The Guardian World · GB
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