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    Home»Deals & Transactions»Britain’s Clinigen agrees to $1.6bn take-private deal
    Deals & Transactions

    Britain’s Clinigen agrees to $1.6bn take-private deal

    December 8, 2021Updated:December 8, 20211 Min Read
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    Britain’s Clinigen Group has agreed to be bought by UK-based private-equity firm Triton Investment Management in a deal that values the pharmaceutical services firm at about 1.2 billion pounds ($1.6 billion), the companies said on Wednesday.

    Last week, Clinigen had confirmed advanced talks with Triton over a possible deal as pressure built up on the company on reports of activist investor Elliott Management raising its stake to propose a break up of Clinigen.

    Triton has offered 883 pence per share in cash, with shareholders also eligible to receive a previously declared final dividend of 5.46 pence per Clinigen Share, the companies said.

    Read more/Source: Reuters

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