HML Holdings PLC - Surrey-based property management services firm - Agrees to offer by BDO Nominee Co Ltd to acquire company for GBP19.0 million in total. Under agreement, BDO will purchases shares for 37.5 pence each, a 27% premium to HMP's closing price on Wednesday at 29.50p. Acquisition is conditional on gaining at least 75% shareholder approval.
BDO Nominee is a company formed under direction of Harwood Capital LLP for the purpose of making the offer.
Current stock price:36.07 pence
Year-to-date change: up 11%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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