UK-based banknote manufacturer De La Rue has accepted an all-cash offer offer from US investment group Atlas, after months of speculation.
According to a stock exchange notice today (15 April), Atlas's 130p a share cash offer represents a premium of 19% to the De La Rue's closing price on December 11 - the day before the offers for the firm began to arrive - and values the company's entire issued, and to be issued ordinary share capital at around £263m Market volatility could make Shein's London IPO 'tricky' as US and China battle intensifies The move will see another UK firm delist from the public market, which has been a wider, ongoing trend as pressure to deliver on a short-term basis combined with tough macroec...
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