UK's Pinewood surges after $792 million deal talks with Apax Partners
30/01/2026 08:17
Jan 30 (Reuters) - Shares of Pinewood Technologies PINE.L rose nearly 27% on Friday after the British automotive service provider said it was in talks with private equity firm Apax Partners regarding a possible cash offer valuing the company at 575.5 million pounds ($792.06 million). Apax Partners has proposed to buy Pinewood Technologies for 500 pence per share, representing a premium of nearly 30% to the stock's closing price on Thursday. ($1 = 0.7266 pounds) (Reporting by Nithyashree R B in Bengaluru; Editing by Sonia Cheema) ((NithyashreeRB@thomsonreuters.com;))