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Network International Holdings PLC - Middle East and Africa-focused payments provider - To host court meeting and general meeting on August 4, so shareholders can vote on the takeover offer from Toronto-based private equity firm Brookfield Asset Management Ltd. The offer requires approval from 75% of voting shareholders at both meetings. In early June, Network International said Brookfield will pay 400 pence per Network International share, a 64% premium to Network International's 243.6p share price at the close of play on April 12, the day before Network International first received buyout interest. The takeover offer gives Network International an equity valuation of GBP2.2 billion.
Current stock price: 385.20 pence, up 0.1%
12-month change: doubled
By Greg Rosenvinge, Alliance News reporter
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