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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login