Announced
Synopsis
British fibre broadband company CityFibre said on Tuesday it had agreed to be acquired for £538m in cash by a consortium formed by Antin and West Street Infrastructure Partners. The consortium will pay 81 pence for each CityFibre share, a 93% premium to the closing price of 42 pence a share on Monday, CityFibre said. "I am delighted to announce Antin's intention to invest in CityFibre. We are very excited to support the company in its next phase of development as it becomes a leading alternative fibre-based communications provider in UK cities." Mark Crosbie, Antin Managing Partner.
Show Details & Financials
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.