CareTech bid deadline prolonged for Sheikh Consortium, Dbay
Social care and training companies supplier CareTech Holdings has introduced that the UK Takeover Panel has prolonged the bid deadlines for each the Sheikh Holdings Group consortium and Dbay Advisors.
Following the announcement, each events have till 30 Might to place ahead a proper provide for CareTech or a choice to stroll away.
The extension permits additional time for talks with each the consortium and Dbay Advisors to proceed, the corporate mentioned.
The consortium comprising Sheikh Holdings, Belgravia Investments, Kensington Capital, and funds managed by THCS IV GP SARL, which had submitted an indicative 725p per share proposal on 30 March, revised its provide in a inventory change announcement on 13 April matching the 750p per share put ahead by Dbay Advisors.
CareTech Holdings shares are buying and selling at 737.0 pence on the time of writing.
Date printed: April 29, 2022
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