(Reuters) - Biffa Plc has agreed to be taken over by private equity firm Energy Capital Partners (ECP) in a deal valuing the British waste-management company at about 1.3 billion pounds ($1.41 billion), the companies said on Tuesday.
(Reuters) – Biffa Plc has agreed to be taken over by private equity firm Energy Capital Partners (ECP) in a deal valuing the British waste-management company at about 1.3 billion pounds ($1.41 billion), the companies said on Tuesday.
The 410 pence per share deal, which comes nearly three months after Biffa first announced that it was approached by ECP, will be backed by the board, Biffa said in a statement, adding that it considers to terms to be “fair and reasonable”.
($1 = 0.9234 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: