Sign up for free newsletter

 

Alex Price, CEO of Palmer Capital

Palmer Capital agrees deal to acquire Invista


The Board of Directors of Invista Real Estate Investment Management Holdings and the Board of Directors of Palmer Capital Investors (India) Limited have reached agreement on the terms of an offer whereby Palmer Capital will acquire the entire issued and to be issued share capital of Invista.

It is intended that the Offer be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act. The offer values the entire issued and to be issued share capital of Invista at GB39.7m and each Ordinary Share at 14.75 pence.

The consideration of 14.75 pence for each Ordinary Share represents a premium of approximately 19.2 per cent over the Closing Price of 12.4 pence per Ordinary Share on 15 June 2012, being the last trading day before the date of this announcement.

Alex Price, CEO of Palmer Capital, says: “This will be a major acquisition that will help us grow out team and brings us further assets under management in the UK, Europe and Asia, We are really excited by the prospects created by a combined business.”
 

events
10 hours 13 min from now - London
5 days 10 hours from now - London
6 days 10 hours from now - New York
6 days 10 hours from now - London
1 week 3 hours from now - London
listingsdirectory
Meyler Capital
Tue, 06/09/2016 - 15:57
Nasdaq
Tue, 30/08/2016 - 11:02
Edelman
Thu, 18/08/2016 - 10:14
training
Thu, 29/09/2016   - London
Thu, 29/09/2016   - London
Mon, 03/10/2016   - London
specialreports
other gfm publications