logo
Plus   Neg
Share
Email

Carpetright Agrees To Be Taken Private By Meditor In GBP 15.20 Mln Deal

Carpetright Plc. (CPR.L) agreed to be acquired by its largest shareholder Meditor, in a deal which values the company at 15.19 million pounds.

As per the deal, shareholders of the company will receive 5 pence per share in cash.

Meditor Fund is the beneficial owner of 29.9% of the issued shares of Carpetright.

Carpetright board plans to recommend its shareholders vote or procure votes to approve the deal at the Court Meeting and vote or procure votes in favour of the Carpetright Resolution at the General Meeting.

If the deal is sanctioned by the Court, subject to any applicable requirements of the London Stock Exchange, Meditor plans to procure that Carpetright will make an application to the FCA for cancellation of the listing of Carpetright Shares on the Official List and to the London Stock Exchange for cancellation.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart Canada has apologized after a Christmas sweater featuring Santa Claus and apparently cocaine was posted for sale on the company's Canadian website. The retail giant pulled the controversial sweater from its website following a backlash on social media. However, the sweater was not available on Walmart's U.S. website. Ford Motor Co. is recalling around 262 thousand F-Series heavy-duty pickups in the U.S. and Canada citing problem with the electric tailgates that may open unintentionally. The recall involves F-250, F-350 and F-450 Super Duty trucks from the 2017 through 2019 model years. Of these, 231,664 vehicles are in the U.S., while 29,953 are in Canada. Sony's 'MLB The Show' video game series will be available on additional console platforms beyond PlayStation as early as 2021. Currently, the game series is exclusive to PlayStation. 'MLB The Show' is the MLB's officially licensed simulation baseball video game series. San Diego Studio has been creating the officially licensed baseball video games enjoyed by fans for more than 20 years.
RELATED NEWS
Follow RTT
>