logo
  

HomeServe To Be Acquired By Hestia Bidco

HomeServe plc (HSV.L), on Thursday, announced that the boards of Bidco and HomeServe have reached an agreement on the terms of a recommended cash offer to be made by Bidco to acquire the entire issued and to be issued share capital of HomeServe. The deal values HomeServe at about £4,077 million.

Under the terms of the Acquisition, HomeServe Shareholders shall be entitled to receive 1,200 pence in cash for each HomeServe Share.

The cash consideration payable to HomeServe Shareholders under the terms of the Acquisition will be financed by a combination of equity to be drawn from funds managed by Brookfield Infrastructure or affiliates of Brookfield Infrastructure and debt to be provided under the Interim Facilities Agreement.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ride-hailing company Lyft announced its foray into the media and advertisement business with the launch of Lyft Media as part of its vision to build the world's largest transportation media network. Lyft Media has built a suite of new products to allow advertisers to engage with Lyft's growing audience throughout their transportation journeys. Sysco Corp. (SYY) Tuesday reported a more than a three-times surge in fourth-quarter earnings, supported by 17.5 percent growth in sales. The company projects fiscal 2023 adjusted earnings to grow. Earnings for the quarter spiked to $509.99 million from $151.09 million last year. On a per share basis,... Longmont Colorado -based Royal Crest Dairy is recalling 2% Chocolate Milk citing the potential to be contaminated with undeclared egg, a known allergen, the U.S. Food and Drug Administration said. The recall involves Farmer's 2% Reduced Fat Chocolate Milk Pints with the code date of AUG-22.
Follow RTT