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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

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Related Company: SHAW

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