Shanks hold out for 150p offer after Carlyle’s £536m bid
Submitted by Aaron Ross on Tue, 12/08/2009 - 05:24
Waste management firm Shanks confirmed a 135p-a-share bid approach, but added an offer of 150p-a-share would deliver an apt value to its shareholders.
An offer of 135p-a-share, which values the firm at £535 million, was tabled by the US private equity firm Carlyle Group, though Shanks did not mention its name.
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