UK's De La Rue hits over 3-year high on $347 mln take-private deal

De La Rue

15/04/2025 08:46

** Shares of British banknote printer De La Rue DLAR.L jump 13.4% to 127 pence, their highest since February 2022

** De La Rue agrees to be acquired by U.S. private equity firm Atlas Holdings for 263 million pounds ($346.8 million)

** The deal values DLAR at 130 pence per share, a 16% premium to its Monday closing price

** Co's board recommends the deal, calling it "fair and reasonable"

** As of last close, DLAR shares up ~8.2% YTD

($1 = 0.7583 pounds)

 (Reporting by Rupali Chaudhary in Bengaluru)

 ((Rupali.Chaudhary@thomsonreuters.com))