India, July 21 -- Mitie Group plc (MTO.L) on Tuesday agreed to be acquired by OCS Group International Ltd. in a recommended all-cash deal valuing the facilities management company at approximately £3.1 billion on a fully diluted basis.
The acquisition is expected to complete in the first quarter of 2027.
Under the terms of the agreement, the company's shareholders will receive 218.5 pence in cash per share.
The shareholders will also be entitled to retain the final dividend of up to 3.1 pence per share for the financial year ended March 31.
The cash offer and dividend together represent a total value of up to 221.6 pence per share.
The cash offer represents a 44.7% premium to the company's closing share price on July 20.
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