(Alliance News) - Merlin Entertainments PLC on Tuesday said its acquisition by Motion Acquisition Ltd has been approved by shareholders.
Motion Acquisition is a newly formed company created by joint offerers KIRKBI Invest AS - Lego's founding family - and funds advised by Blackstone Core Equity Advisors LLC and Canada Pension Plan Investment Board.
The necessary number of independent shareholders voted in favour of the deal at the court meeting and the required majority of Merlin shareholders approved the special resolution to implement the court-sanctioned scheme of arrangement.
The deal values merlin shares at 455 pence each, paid in cash, and its equity at GBP4.77 billion for a GBP5.91 billion implied enterprise value.
Shares in Legoland park operator Merlin closed up 0.1% at 452.58p in London on Tuesday.