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Bids, Mergers and Takeovers

Sepura, Hytera deal nears possible acceptance in UK

09 May 2017 09:17

Sepura said the Secretary of State for Business, Energy and Industrial Strategy had announced he was proposing to conditionally accept statutory undertakings set out by the parties involved in the company's acquisition by Hytera Communications Corp Ltd.

His acceptance was subject to the outcome of public consultation that closed on May 10.

"This acceptance of the statutory undertakings would avoid the need to make a reference to the Competition and Markets Authority for a more detailed investigation into the Acquisition," the companies said.

At 9:17am: (LON:SEPU) Sepura PLC share price was +2.5p at 12.75p

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