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Consortium Makes £1.4bn Offer For John Laing Infrastructure

by telegraph.co.uk posted 2weeks ago 20 views
A consortium of fund managers have swooped for John Laing Infrastructure Fund (JLIF), formally submitting their £1.4bn takeover offer for the business, despite recent shareholder opposition to the deal. Dalmore Capital and Equitix Investment Management are offering 142.5p per share for JLIF, a premium of around 21pc to the company's closing price on the Friday before the takeover talks were first mooted. Dalmore and Equitix said they were "well placed to support the JLIF portfolio during its investment cycle and mitigate the effect of declining concession lengths".

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