Announced
Completed
Financials
Sources
Tags
Maintenance Repair and Overhaul (MRO)
industrial services
United Kingdom
Public
Completed
Friendly
Single Bidder
Private Equity
Synopsis
French construction equipment maker Altrad Investment acquired UK oil services company Cape for 414m. Altrad’s offer for 265 pence per Cape share represents a premium of 46.2% to the stock’s closing price of 181.25 pence on Thursday. The merger would create a “multidisciplinary” industrial services company operating in a wider range of markets, Altrad said in a statement.
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