Macquarie Group to Buy Premier Technical Services in GBP265.3 Million Deal
20 Junio 2019 - 2:06AM
Noticias Dow Jones
By Adria Calatayud
Premier Technical Services Group PLC (PTSG.LN) said Thursday
that it has agreed to be bought by Australian investment bank and
asset manager Macquarie Group Ltd. (MQG.AU) in an all-cash deal
that values the target at 265.3 million pounds ($332.6
million).
The offer price values the U.K. provider of specialist services
at 210.1 pence a share, more than doubling its Wednesday closing
price of 87 pence. The offer prices reflects a final dividend of
0.9 pence a share declared by PTSG prior to the offer.
The PTSG board, which has been advised by KPMG, considers the
terms of the acquisition to be fair and reasonable, the company
said.
"Against the backdrop of an increasingly competitive market for
acquisitions, with a need to close deals quickly and fund them
effectively, I believe that Macquarie's deep access to funding will
better position PTSG to continue with its acquisitive growth
strategy," PTSG Chairman John Foley said.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
June 20, 2019 02:51 ET (06:51 GMT)
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