Company Statement: Recommended acquisition of Scottish & Newcastle plc by Sunrise Acquisitions Limited
( March 31, 2008, 16:09 GMT | Official Statement) -- ****************************************On 25 January 2008, the boards of Scottish & Newcastle plc ("S&N") and Sunrise Acquisitions Limited announced that they had reached agreement on the terms of a recommended acquisition of S&N at a price of 800 pence in cash for each S&N Share, valuing the entire issued and to be issued share capital of S&N at approximately £7.8 billion. The proposed transaction is to be implemented via a scheme of arrangement pursuant to section 425 of the Companies Act 1985 (the "Scheme")....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.