Applegreen in "advanced" takeover talks
Motorway services and petrol filling stations operator Applegreen has confirmed it is in "advanced discussions" regarding a possible cash offer for the company.
Source: insidermedia.com
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Applegreen Receives Cash Offer From Co-Founders And PE Firm
10th December 2020 Motorway services and forecourt operator Applegreen has revealed that it is in “advanced discussions” regarding a possible cash offer for the company. The Irish firm’s co-founders and a part of the Blackstone US private equity group have formed a consortium take the company off the stock market at a price of €5.75 per share. The founders, Chief Executive Robert Etchingham and Chief Operations Officer Joseph Barrett, own 41.3% of the company through a vehicle called B&J Holdings. Should the transaction proceed, B&J Holdings will retain a “significant equity stake...
Source: kamcity.com