Brief: Accel-KKR Announces Cash Offer For Eleco PLC
BRIEF-Accel-KKR Announces Cash Offer For Eleco PLC Sept 10 (Reuters) - Eleco PLC ELCO.L:
ACCEL - KKR CO LLC ELECO PLC - ACCEL-KKR RECOMMENDED CASH OFFER FOR ELECO PLC
ELECO - EACH ELECO SHAREHOLDER TO RECEIVE 235 PENCE IN CASH PER SHARE
ELECO - ACQUISITION VALUES ELECO SHARE CAPITAL AT £207.60 MILLION, ENTERPRISE VALUE AT £192.40 MILLION
ELECO - BIDCO DOES NOT INTEND MATERIAL REDUCTION TO ELECO GROUP HEADCOUNT OR EMPLOYMENT CONDITIONS
Source text: ID:nRSJ2174Ua
Further company coverage: ELCO.L