(Alliance News) - Tarsus Group PLC said Thursday its proposed acquisition by Tiger Acquisitions UK Ltd has received antitrust clearance in the US, satisfying one of the offer's conditions.
Late May, the media group agreed to be acquired by Tiger Acquisitions UK, a subsidiary of funds advised by private equity firm Charterhouse Capital Partners LLP at a price of 425 pence per share, valuing Tarsus at GBP561 million.
Tarsus expects to publish the scheme document detailing the timetable of events concerning the acquisition on Monday next week.
Shares in Tarsus Group closed flat at 433.00 pence on Thursday.
