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Bids, Mergers and Takeovers

Exova-Element Materials scheme update

05 June 2017 09:45

The scheme of arrangement for the recommended cash acquisition of Exova Group by Element Materials Technology Group is expected to become effective on 29 June.

The groups said the Swedish Competition Authority granted approval in 15 May and the waiting period in the US under the HSR Act expired on 2 June.

A merger control notification was submitted to the German Federal Cartel Office on 5 May and the phase 1 period would end tomorrow.

At 9:45am:

(LON:EXO) Exova Group Plc share price was +0.63p at 237.38p

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