logo
Plus   Neg
Share
Email

Recipharm Announces Terms Of Cash Offer For Consort Medical - Quick Facts

The boards of Recipharm AB, Recipharm Holdings Limited and Consort Medical plc have reached an agreement on the terms of a recommended cash offer to be made by Recipharm Holdings for the entire issued and to be issued share capital of Consort. Recipharm Holdings is a wholly-owned direct subsidiary of Recipharm AB.

Under the proposal, each Consort shareholder will be entitled to receive: for each Consort share 1,010 pence in cash. The proposed deal value the entire issued and to be issued ordinary share capital of Consort at approximately 505 million pounds on a fully diluted basis and implies an enterprise value of 627 million pounds.

The Consort Directors said they intend to recommend unanimously that Consort shareholders accept, or procure acceptance of, the offer.

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
>