Gooch & Housego accepts £346m takeover bid from US private equity firm
US private equity firm Arlington Capital Partners has reached agreement to acquire Gooch & Housego, the Ilminster, Somerset-based photonics engineering company, in a deal valuing the business at £346m.
Arlington had previously made a series of unsolicited proposals to G&H's board, which were rejected.
Shareholders will receive 1,230p per share in cash, representing a 41% premium to last night's closing share price.
London Stock Exchange-listed G&H designs and manufactures advanced photonic components and systems ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
