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Brief: Accel-KKR Announces Cash Offer For Eleco PLC

BRIEF-Accel-KKR Announces Cash Offer For Eleco PLC

- 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


((Reuters.Briefs@thomsonreuters.com;))

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