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IN BRIEF: Stock Spirits takeover by CVC Funds sanctioned by court

Thu, 25th Nov 2021 15:20

Stock Spirits Group PLC - Buckinghamshire-based spirits producer - High Court Of England & Wales sanctions the company's takeover by CVC Funds, after shareholders approved the deal in mid-September.

As a result, trading in Stock Spirits is set to be cancelled on Tuesday next week.

In August, Stock Spirits had agreed to a GBP767 million takeover deal from the private equity firm.

Current stock price: 376.00 pence

Year-to-date change: up 40%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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