Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Dignity PLC’s suitors will move to cancel the funeral services provider’s London listing as a takeover bid is now unconditional.
Valderrama Ltd, jointly-owned by SPWOne V Ltd, Castelnau Group Ltd and Phoenix Asset Management Partners Ltd, has acquired or agreed to acquire 75% worth of shares in Dignity.
Dignity in January agreed to a takeover which values the company at £281 million, with an implied enterprise value of around £789 million.
Dignity shares are expected to be cancelled from trading on May 25.
Shares in the company closed 0.1% lower at 549.61 pence each in London on Monday, giving it a market capitalisation of £275.5 million.
Copyright 2023 Alliance News Ltd. All Rights Reserved.