UK'S Kin and Carta jumps on Apax Partners deal
18/10/2023 08:15
** Shares in Kin and Carta KCT.L gains 41% at 110p, shares
hit highest since March 10
** UK's digital consultancy firm reaches agreement to be
bought by newly formed co owned by funds advised by Apax
Partners
** Proposed cash deal for 110 pence per KCT share valuing co
at about 203 mln pounds ($247.42 mln) on fully diluted basis
** Board intends to recommend unanimously that shareholder
vote in favour of deal - KCT
** Stock on track to log best day of gains since market
debut in 1986, if trend holds
** Up to last close, stock had fallen ~64% so far this year
($1 = 0.8205 pounds)
(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))