Private Equity
Capita said it has been in discussions with the board of Xchanging since early August about a possible cash offer for the company. Capita said that on 24 September, it made a final proposal in relation to a possible cash offer of 160p per Xchanging share, which represents a premium of 58% to the closing price per Xchanging share on that day and a premium of 45% to the closing price per Xchanging share on 2 October, which was the last trading day before the date of the announcement. On 29 September, the board of Xchanging confirmed that it would...