Live Breaking News & Updates on Antonia Rowan David Watkins

Response to Lone Star announcement
The Board of Senior plc ( Senior or the Company ) notes the recent announcement by LSF XI Investments, LLC, a company advised by Lone Star Global Acquisitions, Ltd ( Lone Star ).  Senior confirms that, on 20 May 2021 it received a preliminary conditional proposal from Lone Star regarding a possible cash offer for the entire issued, and to be issued share capital of Senior at 176p per Senior share (the Proposal ).  This Proposal is the third unsolicited proposal received from Lone Star.
The Board of Senior considered the proposal, together with its advisers, and concluded that it fundamentally undervalued Senior and its future prospects.  Accordingly, on 21 May 2021 the Board of Senior unanimously rejected the Proposal. ....

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