Rebus accepts takeover in soft small-cap market
Article Abstract:
Rebus Group PLC announced that it has reached an agreement to be acquired by investment vehicle based in Bermuda. The vehicle is backed by Warburg, Pincus and General Atlantic Partners. Under the cash bid, Rebus will be valued at 171.9 million pound sterling ($280.5 million). This comes out to 182 pence per share. Rebus is the most recent small firm to go private as the UK's small-capitalization shares show weakness.
Comment:
To be acquired by investment vehicle based in Bermuda
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Booker reaches financing deal with its banks
Article Abstract:
Booker PLC, a food wholesaler based in the UK, said that it has reached a financing agreement with its banks. The agreement will last for two years. Booker has approximately 422 million pound sterling ($680.9 million) in debts following its purchase of Nurdin & Peacock PLC in 1996. The firm has received committed loan facilities from its banking syndicate and US financiers until the end of 2001.
Comment:
Reaches financing agreement with its banks
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Ericsson to pay $285 million for Internet firm ACC. DnB agrees to acquire Postbanken
- Abstracts: Punch to launch a hostile bid for pub chain. Hellenic agrees to bottling deal with Coke unit. British court allows B.A. T., Zurich merger
- Abstracts: Mention 'tr s bien' pour le bulletin de fin d'ann e de Colruyt Automatic Systems poursuit sa croissance
- Abstracts: BSkyB confirms talks with Manchester United. BSkyB Is Stymied by Regulator In Bid for Manchester United. Key hurdle nearly passed in BSkyB soccer-club bid