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Bioquell surges on offer from Bill Gates-backed Ecolab

Fri, 30th Nov 2018 08:49

(Sharecast News) - Bioquell shares surged on Friday as it agreed to be bought by US hygiene company Ecolab for £140.5m.Under the terms of the offer, Bioquell shareholders will be entitled to receive 590p in cash for each of their shares. This represents a premium of about 40.5% to the closing price on Thursday and 23.1% to the three-month volume-weighted average closing price.Ecolab provides water, hygiene and energy technologies and services. It delivers comprehensive solutions and on-site services to promote safe food, maintain clean environments, optimise water and energy use and improve operational efficiencies for customers in food, healthcare, life sciences, hospitality, energy and industrial markets in more than 170 countries around the world.Bioquell, meanwhile, manufactures infection control, bioburden control and environmental filtration technology.Bioquell said in a statement that its directors, who were advised by N+1 Singer, consider the terms of the offer to be "fair and reasonable" and intend to recommend that shareholders vote in its favour at the next general meeting.Executive chairman Ian Johnson said: "As part of Ecolab, Bioquell will be able to drive faster strategic growth in both life sciences and healthcare markets leveraging Ecolab's extensive global footprint."The Bioquell directors believe the strategic fit is extremely strong and that the combination offers employees and customers a highly desirable opportunity to continue Bioquell's successful tradition."Ecolab's offer provides Bioquell shareholders with a certain cash exit at a premium to the price at which the company's shares have traded recently and is supported by Bioquell shareholders representing, in aggregate, approximately 55.10% of the existing issued ordinary share capital of Bioquell."At 0845 GMT, Bioquell shares were up 37% to 575.10p.
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14 Jan 2019 13:12

Bioquell Takeover By US Ecolab Granted Court Approval

LONDON (Alliance News) - Bioquell PLC said Monday its GBP140.5 million takeover by US water, hygiene and energy technology giant Ecolab Inc has received a court order approving the said the on the

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3 Jan 2019 15:59

UK Shareholder Meetings Calendar - Next 7 Days

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30 Nov 2018 12:55

EXTRA: Bioquell Accepts Takeover Offer From US Hygiene Giant Ecolab

LONDON (Alliance News) - British decontamination solutions provider Bioquell PLC on Friday said it has agreed to a GBP140.5 million takeover offer from Ecolab US 2 Inc, part of water, hygiene and

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30 Nov 2018 08:56

LONDON MARKET OPEN: Miners Send FTSE 100 Lower After Weak Chinese Data

LONDON (Alliance News) - Stocks in London opened broadly lower, with miners weighing on the FTSE 100, as investor attention shifts to the G20 Summit getting underway in Buenos Aires.The FTSE 100 A

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30 Nov 2018 07:59

Bioquell Agrees GBP141 Million Merger With US Firm Ecolab

LONDON (Alliance News) - Decontamination solutions provider Bioquell PLC said Friday it has agreed to a GBP140.5 million merger offer from Ecolab US 2 Inc, a unit of US-based water, hygiene and a

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30 Nov 2018 07:38

LONDON MARKET PRE-OPEN: Ecolab To Acquire Bioquell For GBP141 Million

LONDON (Alliance News) - Stock prices in London are seen opening marginally lower on Friday as investors await a meeting of US and Chinese leaders at the G20 summit.IG futures indicate the FTSE is

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24 Jul 2018 10:41

Bioquell Half-Year Profit Surges After Sale Of Non-Core Business

LONDON (Alliance News) - Bio decontamination solutions provider Bioquell PLC said Tuesday that its profit for the first half of 2018 increased 41%, as it disposed of its non-core defence were 8.4%

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25 May 2018 12:28

Bioquell Sells Non-Core MDH Defence Unit For Up To GBP1.0 Million

LONDON (Alliance News) - Bioquell PLC on Friday said it sold its MDH Defence business for an initial consideration of GBP400,000.The pharmaceutical company said it can get a further payment

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23 Apr 2018 13:44

Bioquell Trading In Line As Progress Continues Despite Currency Drag

LONDON (Alliance News) - Infection control firm Bioquell PLC said Monday its trading remained in line amid "further progress" despite the strengthening of the pound acting as a at annual

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7 Mar 2018 13:39

Bioquell Profit Jumps As It Moves Focus Onto Core Operating Division

LONDON (Alliance News) - Bio-decontamination product maker Bioquell PLC on Wednesday reported a sharp increase in profit for 2017, with revenue also up, as it main division to

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24 Aug 2016 15:41

Bioquell lifts H1 profit, restructures management

(ShareCast News) - Bioquell has booked a first-half pre-tax profit of £378,000, from a profit of £69,000. Revenue slipped to £12.1m, from £12.5m. It cited cost reduction for the improved profitability as it implemented several management changes. It said, following a strategic review, that sharehold

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13 Jun 2016 15:02

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8 Jun 2016 14:24

Bioquell Chairman To Be Replaced By Cyprotex Chairman Ian Johnson

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3 Jun 2016 15:03

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