16th Jun 2022 09:55
(Alliance News) - Homeserve PLC on Thursday called court and general meetings for late July to approve its takeover by Brookfield Infrastructure Partners LP.
Back in May, the Walsall, England-based home repairs company said it had reached an agreement for a GBP4.08 billion takeover by Hestia Bidco Ltd, a subsidiary of Brookfield.
Brookfield offered 1,200p per share in cash for each Homeserve share. This represents a 71% premium to Homeserve's closing price on March 23, being the last business day before the start of the offer period.
Homeserve plans to hold the court and general meetings on July 22 in Birmingham, England.
Shares in Homeserve were marginally higher at 1,165.23 pence each in London on Thursday morning.
By Sophie Rose; [email protected]
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