18th Oct 2019 17:08
(Alliance News) - Merlin Entertainments PLC said Friday that all conditions relating to anti-trust and regulatory approvals for its acquisition by Motion Acquisition Ltd have now been satisfied.
In September, Merlin Entertainments shareholders approved the deal for Motion to acquire the FTSE 250 Legoland operator for 445 pence per share, valuing the company's equity at GBP4.77 billion and giving an enterprise value of GBP5.91 billion.
Merlin's takeover by Motion is now subject to being sanctioned by the court at a hearing expected to take place on October 31.
Should the court give its sanction, Merlin expects the scheme to become effective on November 4, and its shares to be cancelled the day after.
Merlin Entertainments's shares closed 0.1% higher in London at 454.60 pence each on Friday afternoon.
By Loreta Juodagalvyte; [email protected]
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