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IN BRIEF: Rotala brings forward takeover scheme court hearing date

2nd Jan 2024 12:30

Rotala PLC - Tividale, West Midlands-based bus operator - Brings forward date of scheme court hearing for the agreed takeover by Rotala Group Ltd to January 15 from January 25. The date of the court and general meetings remains Thursday this week. Rotala Group Ltd is a private limited company formed specifically for the purpose of the acquisition, owned by Rotala Chief Executive Officer Simon Dunn, Managing Director for North West Robert Dunn and Executive Chair John Gunn, among others such as the spouses of Simon and Robert Dunn. In November, an agreement was reached, with Rotala Group Ltd offering 63.5 pence per Rotala share, valuing the entire company at around GBP23.5 million.

Current stock price: 62.90 pence, up 2.3%

12-month change: up 77%

By Greg Rosenvinge, Alliance News senior reporter

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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