Sanne Group rejects Cinven s £1.34bn buyout offer
International fund services manager Sanne Group has turned down a £1.34bn ($1.9bn) buyout offer from UK private equity company Cinven.
In a stock market statement on 14 May regarding a possible offer for Sanne Group plc Cinven noted the recent speculation and confirmed that, on 4 May 2021, Cinven made a potential cash offer for Sanne at 830 pence per share while also allowing eligible Sanne shareholders to retain the right to receive the final dividend of 9.9 pence per share declared on 19 March 2021.
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This offer was rejected by the Sanne board of directors on 12 May 2021, the statement said, adding that Cinven is now considering its position , with no certainty any offer will be made and a further announcement will be made when appropriate .
UK-based Cinven said on Friday
alternative asset and corporate services firm Sanne Group
had rejected its 1.35-billion-pound
buyout offer, and the private-equity firm was considering all
options. . | May 15, 2021
Jacobs and Batchelors owner Valeo circled by three private-equity firms PAI Partners, Cinven and Bain Capital are given until end of May to submit final bids
about 6 hours ago
Bidders vying to buy Dublin-based Valeo Foods, the owner of brands from Jacobs biscuits to Batchelors baked beans which is on the market for more than €1.7 billion, have been whittled down to a shortlist of three private-equity firms.
Paris-based PAI Partners, London-headquartered Cinven and Bain Capital, the Boston outfit co-founded by former US presidential candidate Mitt Romney, have been given until the end of May to submit final bids for Valeo, according to sources, confirming a recent report by deals publication Mergermarket.