(Alliance News) - BCA Marketplace PLC on Monday said shareholders voted in favour of the car seller's takeover by BBD Bidco Ltd.
BBD Bidco - owned indirectly by funds managed by private equity firm TDR - has offered 243 pence in cash for each BCA Marketplace share held, representing a premium of 25% to the closing price on June 19. The deal values the FTSE 250 constituent at GBP1.91 billion.
Completion of the acquisition remains subject to the satisfaction or waiver of other conditions set out in the scheme document, including regulatory approvals from the European Commission and the UK Financial Conduct Authority, as well as the court sanctioning the scheme.
Shares in BCA Marketplace were flat at 214.80p in London on Monday.
