Harworth accepts £632m takeover offer from Peel
Property group Harworth's largest shareholder Peel, has successfully put forward an increased cash offer of 187 pence per share for the group, valuing it at approximately £631.7m.
This represents an 8.4 per cent increase from Peel's previous 177.5p proposal. Peel has agreed to purchase 72,080,449 Harworth shares.
The Board of Rotherham-headquartered Harworth, which had rejected two previous takeover bids from Manchester-based Peel - arguing that these had undervalued the group - has now recommended approval for the latest offe... 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...
