UK outsourcer Mitie to buy peer Marlowe for $496 million
05/06/2025 07:10
June 5 (Reuters) - British outsourcer Mitie Group MTO.L has agreed to buy smaller peer Marlowe MRLM.L for about 366 million pounds ($496 million) in a cash-and-stock deal, the companies said in Thursday. Marlowe shareholders will get 1.1 new Mitie share for each share they hold and 290 pence in cash, implying a value of 466 pence per Marlowe share. ($1 = 0.7381 pounds) (Reporting by Yadarisa Shabong in Bengaluru) ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))