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Bids, Mergers and Takeovers

Marlin Bidco at 46.6% acceptances in Shawbrook offer

16 June 2017 07:55

Marlin Bidco said it has accrued 46.6% of the shares in Shawbrook, which was subject to a 330p a share cash bid that would close on 19 June.

Marlin's offer was final and conditional on acceptances of shares totalling more than 50% of the voting rights in Shawbrook.

The offer was also conditional, amongst other things, on PRA regulatory approvals.

Marlin was owned by funds managed and/or advised by Pollen Street Capital Ltd and funds advised by BC Partners LLP.

Story provided by StockMarketWire.com

Related Company: SHAW

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