By David Parsley2020-10-23T07:15:00
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.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud