Augean PLC - Walton, England-based hazardous waste treatment and disposal company - Company's GBP390 million takeover by consortium of London-based Ancala Partners LLP and Toronto-headquartered Fiera Infrastructure Inc gains court sanction from High Court of Justice in England & Wales.
Ancala and Fiera's vehicle Eleia bid 372 pence per Augean share, topping the 361p offered by Morgan Stanley Infrastructure's bid vehicle Antwerp Management. Both offers were all in cash. Prior to the auction, MSIP had offer the highest, at 340p, versus 325p from Eleia.
As a result, Augean is scheduled to cancel trading on 0700 BST on Thursday.
Current stock price: 372.00 pence
Year-to-date change: up 75%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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