Share Name Share Symbol Market Type
Allianz AG XE:ALV XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.78 0.4% 195.58 195.78 195.58 198.98 195.32 197.06 1,421,293 16:45:00

UDG Healthcare Agrees to Increased GBP2.76 Billion Takeover by Clayton Dubilier Affiliate

29/06/2021 7:50am

Dow Jones News

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By Ian Walker


UDG Healthcare PLC said Tuesday it has agreed to an improved and final 2.76 billion pound ($3.83 billion) takeover by Clayton Dubilier & Rice LLC affiliate Nenelite Ltd. as indicated Friday.

Under the offer, accepting shareholders of the London-listed healthcare services provider will get 1,080 pence for each share held, a 5.6% increase to the 1,023 pence a share offer agreed to in May.

"The UDG directors concluded that the increased final offer reflects the strength of the UDG business today and its future prospects, and provides an opportunity for UDG shareholders to realize their investment in UDG in cash in the near term," the company said.

The offer also has the support of shareholders owning 28.8 million shares, or 11.41% of UDG's issued share capital, the company said. Shareholders include Allianz Global Investors GmbH and Kabouter Management LLC, which own 8.55% and 2.71%, respectively, of UDG's issued share capital.


Write to Ian Walker at


(END) Dow Jones Newswires

June 29, 2021 02:48 ET (06:48 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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