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Sanne declines Cinven’s £1.35bn offer

by Alice Murray 14 May 2021

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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