UK - Vitruvian acquires Tinopolis plc

The price of 45 pence per share represents a premium of 32.4% to the closing price of 34 pence per share on 08 May 2008 and 51.1% to the average closing price of 29.8 pence per share for the six months prior to the announcement of the takeover bid. The last business day with a closing price of 45 pence or above was 14 December 2005. The court meeting will be held on 16 June 2008 and it is expected that the transaction will become effective in the first half of July 2008.

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• Topics
• Buyouts
• UK / Ireland