UK's Smart Metering Systems agrees to $1.63 bln takeover offer
07/12/2023 07:18
Dec 7 (Reuters) - British energy infrastructure firm
Smart Metering Systems SMSS.L said on Thursday a company owned
by funds advised by KKR KKR.N and its affiliates will acquire
it in an all-cash deal of about 1.3 billion pounds ($1.63
billion).
The 955 pence-per-share offer represents a premium of 40.4%
to the London-listed stock's Wednesday close.
($1 = 0.7964 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Nivedita Bhattacharjee)
((abyjose.koilparambil@thomsonreuters.com; +917483275231;))