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IN BRIEF: Caretech gives two bidders more time to make firm offer

Mon, 30th May 2022 14:28

Caretech Holdings PLC - Hertfordshire, England-based residential social care and education services - Gives its two suitors an extension on the put-up-or-shut-up deadine to June 27. DBAY Advisors Ltd and Sheikh Holdings Group (Investments) Ltd both have offered 750 pence per share. The price values values CareTech at GBP850.0 million. Farouq and Haroon Sheikh, the Sheikh brothers, founded CareTech in 1993, and are executive chair and chief executive officer, respectively.

Current stock price: 715.00 pence, up 0.7% on Monday in London

12-month change: up 23%

By Tom Waite; thomaslwaite@alliancenews.com

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