Cinven ups bid for Sanne to £1.42bn
Fund administrator Sanne has entered into discussions with Cinven after receiving a fifth takeover offer.
Cinven increased its offer by 13% on Sanne’s last closing price before the latest announcement. The all cash offer saw Cinven bid 875 pence per share, which equates to £1.42bn.
According to a Sanne company statement, Cinven has until 5pm on 9 July to announce a firm intention of its offer.
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