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UK pharmaceutical firm Ventura agrees to £958m takeover deal

First published on Wed 26 May 2021 07.03 EDT Two British healthcare companies have been snapped up in deals worth a combined £2bn. The British pharmaceutical company Vectura Group, which is developing a pioneering inhaled treatment for Covid-19, has agreed a £958m takeover by Carlyle Group and looks likely to become the latest in a long line of UK businesses snapped up by private equity during the pandemic. Also on Wednesday, the private hospitals group Spire accepted a £1bn bid from Australia’s Ramsay Health Care. That offer was a near 25% premium on Spire’s previous closing price. The Vectura board unanimously recommended that shareholders in the London-listed company accept the offer, which represents a 32% premium to its ex-dividend closing price on the day before the deal was announced. Under the terms of the offer, shareholders would receive a total of 155p a share, consisting of 136p cash plus a 19p dividend.

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