Judul : Challenger bank Shawbrook rejected a ‘final’ £868 million takeover bid
link : Challenger bank Shawbrook rejected a ‘final’ £868 million takeover bid
Challenger bank Shawbrook rejected a ‘final’ £868 million takeover bid
Reuters / Eddie Keogh
Canary Wharf, London
LONDON — Challenger bank Shawbrook rejected a fourth and “final” £868 million ($1.12 billion) takeover bid from a private equity consortium on Tuesday morning.
The bank was subject to a multi-million pound bid from Pollen Capital and BC Capital, after its directors said the deal undervalued the lender. Pollen already has a 40% stake in the bank.
It is the third offer from the consortium, which operates under the name of BC Capital’s Martin Bidco, that the bank has rebuffed this year.
A note to shareholders said: “The independent directors have considered the terms of the final offer with their advisers and have taken into account feedback received from shareholders. The independent directors believe that the final offer undervalues Shawbrook and its prospects.”
“The independent directors believe Shawbrook can continue to grow prudently over the medium term.”
Shawbrook is a specialist lender set up take on Britain’s biggest banks. It was floated on the London Stock Exchange in April 2015 at 290p a share, valuing the bank at £725 million.
The offer will remain open for acceptance until June 19, but the directors have urged shareholders to “take no action with regards to the final offer.”
Shares in the London-listed bank dipped around 0.3% in early hours trading. Here is the chart at 9.20 a.m. BST (4.20 a.m. ET):
Investing.com
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rw6egd
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Appear first on Malaysian News
Demikianlah Artikel Challenger bank Shawbrook rejected a ‘final’ £868 million takeover bid
Anda sekarang membaca artikel Challenger bank Shawbrook rejected a ‘final’ £868 million takeover bid dengan alamat link https://malaysianweekly.blogspot.com/2017/06/challenger-bank-shawbrook-rejected.html