Clayton, Dubilier & Rice, LLC as manager of CD&R Funds X and XI) to be implemented by way of a scheme of arrangement under Chapter 1 of Part 9 of the Companies Act 2014
Announcement relating to despatch of Rule 15 Proposal On 12 May 2021, the boards of Nenelite Limited ("Bidco") and UDG Healthcare plc ("UDG") announced that they had reached agreement on the terms of a cash offer, unanimously recommended by the board of UDG, pursuant to which Bidco, an Affiliate of Clayton, Dubilier & Rice, LLC ("CD&R"), will acquire the entire issued and to be issued share capital of UDG (the "Acquisition"). The Acquisition is to be effected by way of a scheme of arrangement under Chapter 1 of Part 9 of the Companies Act 2014 (the "Scheme").