Brief: Ken Bidco Says Deal For Kin And Carta At About £239 Mln

Kin and Carta

19/12/2023 16:17

Dec 19 (Reuters) - KEN BIDCO: 
    * KEN BIDCO: PROPOSED DEAL FOR APPROXIMATELY £239 MILLION ON
A
FULLY DILUTED BASIS (CORRECTS SOURCE)
    * KEN BIDCO LIMITED KIN AND CARTA PLC  - RECOMMENDED CASH
ACQUISITION OF KIN AND CARTA PLC
    * KEN BIDCO LIMITED : PROPOSED DEAL FOR FOR EACH KIN AND
CARTA
SHARE HELD: 130 PENCE IN CASH
    * KEN BIDCO:REACHED AGREEMENT ON TERMS RECOMMENDED CASH
ACQUISITION BY VALTECH OF ENTIRE ISSUED ORDINARY SHARE CAPITAL
OF KIN AND CARTA
    * KEN BIDCO: ACQUISITION VALUES KIN AND CARTA'S ENTIRE
ISSUED, AND
TO BE ISSUED, ORDINARY SHARE CAPITAL AT APPROXIMATELY £239
MILLION
    * KEN BIDCO: KIN AND CARTA DIRECTORS HAVE WITHDRAWN THEIR
RECOMMENDATION OF REVISED APAX OFFER, AND INTEND TO ADJOURN APAX
OFFER SHAREHOLDER MEETINGS

Source text for Eikon:  ID: 
Further company coverage:  KCT.L 

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