UK-listed automotive software provider Pinewood Technologies is set to leave the public markets after agreeing to a £545m ($739m) takeover by US private equity firm Ridgeview, according to a report by Reuters.
Under the terms of the transaction, Pinewood shareholders will receive £4.48 in cash for each share, representing a 43% premium to the company’s closing price on 23 July, before Ridgeview’s proposal was made.
The deal adds to a growing pipeline of UK-listed companies attracting interest fr...
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