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MITFY Mitie Group PLC (PK)

5.91
0.21 (3.68%)
Last Updated: 15:21:51
Delayed by 15 minutes
Name Symbol Market Type
Mitie Group PLC (PK) USOTC:MITFY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.21 3.68% 5.91 5.85 5.94 5.91 5.91 5.91 300 15:21:51

Mitie Buys Vision Security from Compass Group for GBP14 Million -- Deal Digest

08/10/2018 10:11am

Dow Jones News


Mitie (PK) (USOTC:MITFY)
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From Jul 2019 to Jul 2024

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   By Adam Clark 
 

ACQUIRER: Mitie Group PLC (MTO.LN)

SELLER: Compass Group PLC (CPG.LN)

TARGET: Vision Security Group Ltd.

PRICE: 14.0 million pounds ($18.4 million)

STATUS: Agreed deal

EXPECTED CLOSE: By the end of October.

RATIONALE: To strengthen Mitie's Total Security Management business, accelerating the growth of its technology-enabled and intelligence-led security solutions.

QUOTATION: "As a core part of Mitie, our security business has delivered a strong performance over the last three years, with sales growing by over 30%. This acquisition gives us the leadership position we seek to maximise value from our technology-led solutions," Mitie Chief Executive Phil Bentley said.

STOCK MOVE: At 0836 GMT, Mitie shares down 0.7%, Compass shares up 0.7%.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

October 08, 2018 04:56 ET (08:56 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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