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IN BRIEF: DBAY Advisors confirms no offer for CareTech

Mon, 27th Jun 2022 16:40

CareTech Holdings PLC - Hertfordshire, England-based residential social care and education services - DBAY Advisors Ltd confirms it does not intend to make a firm offer for CareTech. This follows news earlier on Monday that CareTech accepted the GBP870.3 million takeover bid from Amalfi Bidco Ltd, for 750 pence a share. Amalfi is a consortium which includes CareTech founders Farouq and Haroon Sheikh, and THCP Advisory Ltd.

Current stock price: 741.00p, up 21% on Monday

12-month change: up 24%

By Elizabeth Winter; elizabethwinter@alliancenews.com

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