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SCPAMon, 22nd Feb 2021 17:25
Scapa Group PLC - Manchester-based medical devices and industrial adhesives - Seeks approval of 75% of shareholders for its takeover by AMS HoldCo 2 Ltd, a subsidiary of paper materials manufacturer Schweitzer-Mauduit International Inc. Under the offer, AMS Holdco will pay around GBP402.9 million for Scapa.
Current stock price: 221.00 pence
Year-to-date change: up 19%
By Ife Taiwo; ifetaiwo@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Scapa Group, a manufacturer of bonding materials, posted strong full-year results helped by an investment in its healthcare business. The group reported revenues increased by 4.4% to £236m while pre-tax profit rose 22.3% to £13.7m. Scapa noted these results were despite a backdrop of continuing mac
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