Reuters logo
8 个月内
U.S.-based Advent Int'l to buy Brammer for 221.5 mln stg
2016年11月23日 / 早上7点56分 / 8 个月内

U.S.-based Advent Int'l to buy Brammer for 221.5 mln stg

1 分钟阅读

Nov 23 (Reuters) - Industrial parts distributor Brammer Plc said private-equity firm Advent International Corp had agreed to buy the company for 221.5 million pounds ($274.8 million).

Advent's recommended cash offer of 165 pence per share represents a premium of 69.2 percent to Brammer stock's closing price on Tuesday. Brammer urged its shareholders to accept the offer, terming it as "fair and reasonable".

The deal comes just over a month after Brammer said it did not expect to report a pretax profit for 2016, sending its shares down 50 percent.

The company said on Wednesday its recent strategic review had found that a turnaround would take at least three years to implement and result in significant reorganisation costs. ($1 = 0.8060 pounds) (Reporting by Pranav Kiran in Bengaluru; Editing by Gopakumar Warrier)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below