logo
Share SHARE
FONT-SIZE Plus   Neg

Lifeskills Education-Stagecoach Theatre Deal Declared Unconditional

Lifeskills Education announced that all the conditions to its recommended cash offer to buy Stagecoach Theatre Arts Plc (STA.L) have now been satisfied or waived and, accordingly, the offer is declared unconditional in all respects.

As at 1.00 p.m. on April 2, 2012, the first closing date of the offer, Lifeskills Education had received valid acceptances in respect of 7.82 million offer shares representing nearly 94.80 percent of the offer shares and about 78.23 percent of the Stagecoach Shares.

Separately, Stagecoach Theatre Arts announced that following the Lifeskills Education's offer becoming wholly unconditional, the following board changes have taken place, with immediate effect: Graham Cole and David Sprigg have resigned from the board and Shirin Gandhi and Henry Meikle have been named to the board. Shirin Gandhi and Henry Meikle are both directors of Lifeskills Education Ltd.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Online retail giant Amazon.com Inc. (AMZN) is reportedly in talks to buy luxury online fashion retailer Net-a-Porter. The news of acquisition was first reported by Women's Wear Daily, which said the deal would be completed for about 2 billion euros, indicating the biggest acquisition yet by Amazon.... Tim Cook, the CEO of tech giant Apple Inc., in an interview said he intends to give away all his wealth to charity. Cook, in an interview to Fortune, said he plans to donate all his wealth to philanthropic projects after paying for his 10-year old nephew's college education. According to Fortune,... Is it a 'personal life crisis' that led the Germanwings' co-pilot Andreas Lubitz to deliberately lowering the plane carrying 149 people to French Alps mountain? Police is investigating to find evidences to prove this suggestion.
comments powered by Disqus
Follow RTT