Page 7 - Ivan Edwards News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TOP NEWS: St Modwen accepts firm takeover offer from Blackstone Thu, 20th May 2021 11:31 (Alliance News) - St Modwen Properties PLC on Thursday said it has accepted a firm 542 pence-per-share takeover offer from Blackstone Group Inc, worth a total of GBP1.24 billion. Blackstone had announced on May 7 a possible offer of 542p per share, which Birmingham-based property investor St Modwen said it was minded to accept if made firm. It is a 21% premium over St Modwen's closing price of 448p on May 6. Blackstone expects to complete the deal in July through a scheme of arrangement. But it could fa...

IN BRIEF: Tech SPAC Boanerges lists on Aquis, raises GBP500,000 Mon, 17th May 2021 12:21 Boanerges Ltd - British Virgin Islands-registered special purpose acquisition company - Shares start trading on Aquis Stock Exchange Growth Market on Monday after company raises GBP500,000 through the issue of 2.5 million shares to one individual investor. Company will invest in undervalued or pre-commercialisation firms involved in "big data, machine learning, telematics and internet of things." Chief Executive Richard Griffiths owns 72% of shares. "Boanerges is now well positioned to take advantage of t...

John Laing completes GBP29 million Colombia road deal Fri, 14th May 2021 08:40 (Alliance News) - John Laing Group PLC on Friday said it has completed the acquisition of a stake and achieved financial close in a Colombian road project. The London-based infrastructure investor and developer owns 21% of the Pacifico 2 road project, a public-private partnership. It paid COP151 billion, equivalent to GBP29 million, for the stake in a deal announced on January 5. Financial close means that funding for the project is in place and construction can begin. Pacifico 2 is located south of Colombia's sec...

3i raises dividend after private equity picks drive solid return | Financial News

Kier shares jump on GBP241 million capital raise plan to cut debt Thu, 13th May 2021 12:49 (Alliance News) - Kier Group PLC on Thursday said it plans to issue GBP241 million worth of shares priced at 85 pence each in an accelerated bookbuild, the "final milestone" in its turnaround strategy. Shares in Kier were up 8.9% to 111.46p in London. Most of the cash will be used to cut debt, Kier said, while GBP16.9 million will be added to the company's cash reserves. Together with the GBP110 million sale of the Kier Living housebuilding unit announced on April 16, the proceeds will provide financi...