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Epiris agrees £1.08bn Gamma Communications takeover

privateequitywire

1 hour ago

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UK private equity firm Epiris has agreed to acquire telecommunications company Gamma Communications in a transaction valuing the business at approximately £1.08bn, according to a report by Reuters.
Under the terms of the recommended offer, which brings months of takeover discussions to a close, Gamma shareholders will receive 1,120 pence in cash for each share, putting the equity value of the company at around £1.02bn.
The offer represents a 53% premium to Gamma’s closing share price on 7April,...

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