Homeserve Agrees to GBP4.08 Billion Takeover by Brookfield Asset Management
May 19 2022 - 3:24AM
Dow Jones News
By Ian Walker
Homeserve PLC said Thursday that it has agreed to a 4.08 billion
pound ($5.04 billion) takeover by Brookfield Asset Management
Inc.
Under the deal, accepting shareholders of the U.K. home-repairs
business will get 1,200 pence in cash for each share held, the
company said.
The price is a 71% premium to the company's closing price of
703.50 pence on March 23, the day before the Canadian investment
management company disclosed its interest.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
May 19, 2022 03:09 ET (07:09 GMT)
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