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Access here alternative investment news about Xchanging rockets on buyout offers from Capita and Apollo Global Management
Private Equity

Xchanging rockets on buyout offers from Capita and Apollo Global Management

by digitallook.com posted 3years ago 9693 views
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...