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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Renewi PLC (PK) | USOTC:SHMCF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.50 | 8.16 | 9.16 | 0.00 | 17:15:00 |
From Jul 2019 to Jul 2024
Waste management company Shanks Group PLC (SKS.LN) Monday said it received a roughly GBP534 million takeover offer from a private equity group but turned it down.
The bid, pitched at 135 pence a share, represents a premium of 50% to Friday's closing price but Shanks said a bid of 150 pence a share or more would "deliver an appropriate value to shareholders."
It added it has already held "supportive discussions" with its two biggest shareholders--Legal & General Group PLC (LGEN.LN) and Schroders PLC (SDR.LN), according to FactSet.
Shanks said the offer was "highly preliminary" and unsolicited, and didn't name the bidder.
A report in the U.K.'s Daily Telegraph newspaper Dec. 7 named U.S. private equity company Carlyle Group L.P. as the bidder. A spokeswoman for Carlyle couldn't immediately be reached.
Company Web site: www.shanks.co.uk
-By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com
1 Year Renewi (PK) Chart |
1 Month Renewi (PK) Chart |
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