London’s
The asset services firm’s board confirmed this morning that it has received a fifth proposal from Cinven, which includes a possible all cash offer at a price of 875p per share.
Shares in
The board now awaits Cinven’s firm intention to make an offer for Sanne, or to announce that it does not intend to make an offer.
The deal’s talks are set to end by
Cinven sent Sanne another possible cash offer of 830p per share in May, which was rejected by Sanne’s board a week later.
The post
© City AM, source