CSC bids €1.8bn for Intertrust
Intertrust has agreed to a €1.8bn takeover bid from CSC Global Financial Markets.
The recommended all-cash public offer of €20 per share represents a premium of around 59% on Intertrust’s closing share price of €12.56 (as of 11 November).
This represents an increase on CVC’s recent bid for the financial services company. On 12 November, Intertrust announced it had entered into exclusive discussions with CVC, in relation to a potential public cash offer of €18 per share, representing a premium of 43% on Intertrust’s closing share price.
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