Senior soars after rejecting takeover proposal
A look at Friday s major share movers on the London Stock Exchange
Senior PLC (LON:SNR) soared 36% to 161.3p after Lone Star Global Acquisitions confirmed that it made a third proposal to Senior regarding a possible cash offer for 176p per share.
However, the board of the engineering solutions provider has rejected it.
Lone Star said it is considering its position and has until 25 June to decide whether to make another offer or to drop its takeover plans according to London Stock Exchange rules.
2.50pm: Real Good Food climbs after shareholders help with disposal cost
Senior Plc soars after rejecting takeover proposal
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Senior Plc soars after rejecting takeover proposal
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
By Edward Devlin2021-05-13T12:58:00+01:00
Former Burton’s CEO Ben Clarke is working with Bain on an offer for the Wagon Wheels and Jammie Dodgers maker
PE giant Bain Capital is eyeing a takeover of Burton’s Biscuits as it seeks to double down on the UK ambient food industry following its buyout of Valeo Foods Group this week.
The Boston-based investor is among the final suitors for the UK’s second-largest biscuit manufacturer as the auction run by investment bank Stamford Partners races towards a conclusion, The Grocer has learned.
Former Burton’s CEO Ben Clarke is working with Bain, which has more than $130bn in assets under management, on an offer for the Wagon Wheels and Jammie Dodgers maker.
LONDON BRIEFING: Provident Financial to exit home credit entirely
Mon, 10th May 2021 08:07
(Alliance News) - Subprime lender Provident Financial on Monday confirmed it plans to get out of the home credit business one way or another, placing the division into run-off and considering a sale.
Bradford-based Provident earlier this month had said its review of the business was nearing completion, following press reports that it would wind-up both the home credit unit and online lending arm Satsuma to focus on its credit card business, Vanquis Bank, and its car finance operation, Moneybarn.
Provident on Monday said it has decided to withdraw from the home credit market entirely and is considering a sale of the Consumer Credit Division, which includes Satsuma.