Finance

Lone Star in £630m takeover of McCarthy & Stone

By 2020-10-23T07:15:00

retirement home McCarthy & Stone

Private equity giant Lone Star has agreed a £630m deal to buy retirement home group McCarthy & Stone.

While the recommended all-cash offer of 115p per share represents a 39% premium to McCarthy & Stone’s closing share price last night, it is at a sharp discount to the group’s pre-pandemic price of around 156p.

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