19th Dec 2025 10:28
DCC PLC - Dublin-based provider of sales, marketing and distribution services to the energy sector - Says GBP600 million tender offer to return cash from the sale of its Healthcare arm is fully subscribed. As a result, DCC will buy back 11.6 million shares, about 12% of its total, at the tender offer price of GBP51.70 on Friday. The tender offer is being managed by stockbrokers Davy. DCC completed the GBP1.05 billion sale of DCC Healthcare in September and at the time said it will return GBP800 million to shareholders. DCC started a GBP100 million share buyback in May. The remaining GBP100 million will be paid out in about two years, once DCC has received the final deferred payment from the health unit disposal. Read More
