Sanne Group rejects Cinven's £1.34bn buyout offer

Mark Battersby
clock • 1 min read

International fund services manager Sanne Group has turned down a £1.34bn ($1.9bn) buyout offer from UK private equity company Cinven. In a stock market statement on 14 May regarding "a possible offer for Sanne Group plc" Cinven noted the recent speculation and confirmed that, on 4 May 2021, Cinven made a potential cash offer for Sanne at 830 pence per share while also allowing eligible Sanne shareholders to retain the right to receive the final dividend of 9.9 pence per share declared on 19 March 2021. This offer was rejected by the Sanne board of directors on 12 May 2021, the statem...

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