24th Jun 2021 12:50
Senior PLC - Hertfordshire-based engineering firm - Lone Star Global Acquisitions Ltd confirms it does not intend to make a takeover offer for Senior after firm on Tuesday rejected a fifth and final sweetened buyout approach worth 200 pence per share. Senior notes Lone Star announcement. "The board continues to believe that Senior has a focused and compelling strategy to achieve growth and create value for shareholders over the medium-term and remains confident that Senior is well-positioned to emerge strongly as the recovery continues across its end-markets," says Senior.
Current stock price: 151.70p, up 1.1% on Thursday
Year-to-date change: up 70%
By Lucy Heming;Â [email protected]
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