skip to content

Bids, Mergers and Takeovers

Shawbrook receives 330p/share offer from Marlin Bidco

31 March 2017 09:22

Shawbrook Group has received a 330p a share cash-per-share offer from Marlin Bidco Ltd, a company jointly owned by funds managed or advised by Pollen Street Capital Ltd and funds advised by BC Partners LLP.

The offer price was at a premium of about 32.5% to the six-month volume weighted average closing price per Shawbrook Share of 251p on March 2, when Marlin Bidco set out key terms of a possible offer.

The offer was subject to an acceptance condition at a level of Marlin Bidco needing to acquire or agree to acquire Shawbrook shares representing more than 50% of the voting rights normally exercisable at a general meeting.

At 9:22am: (LON:SHAW) Shawbrook Group Plc share price was +29.35p at 333.65p

Story provided by StockMarketWire.com

Related Company: SHAW

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.