India, April 7 -- Senior plc (SNR.L) announced on Tuesday, that the company has agreed to a recommended cash acquisition by Blackstone Inc. and Tinicum Incorporated through newly formed bidder Zeus UK Bidco, valuing the company at about GBP 1.275 billion on a fully diluted basis.
Shareholders can expect to get 300 pence per share if everything goes through, which breaks down to 297.85 pence in cash along with a 2.15 pence final dividend for the fiscal year 2025, pending approval.
This offer gives a nice boost of 36.6 percent compared to Senior's average share price over the last six months and a 53.3 percent bump against the 12-month average. The board at Senior, with advice from Lazard, has fully backed the deal, deeming the terms to be ...