Sanne declines Cinven’s £1.35bn offer
Fund administrator Sanne has declined a £1.35bn takeover offer made by Cinven.
According to a company statement, the Board of Sanne received three ‘unsolicited non-binding, indicative proposals from Cinven in recent months. The latest non-binding proposal was received on 4 May 2021 regarding a possible all cash offer at a price of 830 pence per share.’
The board declined to accept the offer.
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