Matthew Ord
The takeover offer of Greater Manchester-headquartered Scapa – which values the healthcare and industrial group at more than £410m – has completed.
Scapa Group is listed on AIM and is the parent company of Scapa Adhesives and Scapa Healthcare.
The Ashton-under-Lyne-headquartered outfit has manufacturing and sales operations across North America, Europe and Asia.
An offer from Schweitzer-Mauduit International (SWM) at 210 pence in cash per Scapa share was revealed in January, valuing it at £402.9m.
This was the revised to 215 pence per share, meaning the total value would be about £412.6m. This was to be implemented by way of a Court-sanctioned scheme of arrangement.
A revised and final takeover offer for Greater Manchester-headquartered Scapa – which values the healthcare and industrial group at more than £410m – has been recommended to shareholders.
Laurence Kilgannon
A Greater Manchester-headquartered healthcare and industrial group looks set to be acquired by a global performance materials company after an offer worth more than £400m was recommended to shareholders.
Scapa Group is listed on AIM and is the parent company of Scapa Adhesives and Scapa Healthcare. The Ashton-under-Lyne-headquartered group has manufacturing and sales operations across North America, Europe and Asia.
An offer from Schweitzer-Mauduit International (SWM) at 210 pence in cash per Scapa share has been recommended to Scapa s shareholders.
The offer values Scapa at approximately £402.9m.
Scapa chief executive Heejae Chae said: The Scapa team has worked tirelessly to build our brand to be globally recognised as an innovative, solutions-driven partner for outsourced product development and manufacture.