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Announced

Lone Star terminates the $1.2bn deal for Senior.

Financials

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Transaction Value£1,042m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium32%
One Off Charge-

Tags

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Single Bidder

military equipment

Private Equity

Cross Border

Friendly

aerospace equipment

Majority

Acquisition

mechanical engineering solutions

Machinery: Specialty

engineering solutions

United Kingdom

Public

Failed

Synopsis

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Lone Star Funds, a private equity firm, offered to acquire Senior, an engineering solutions provider, for $1bn. On May 28, 2021, Senior rejected Lone Star's $1bn offer. On June 21, 2021, Lone Star said it raised its offer to $1.2bn. Said it is the final offer. On June 24, 2021; Lone Star terminates the $1.2bn deal for Senior.

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