Advent International has revealed details of a takeover proposal for UK aerospace engineering firm Senior that valued the company at approximately £1.14bn ($1.52bn), following the rejection of its approach, according to a report by Reuters.
The US private equity firm proposed an offer of 270 pence per share in cash, alongside the right for shareholders to retain a final dividend for the 2025 financial year of up to 2 pence per share. The proposal implied a total value of 272 pence per share.
Adv...
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