Growing York Firm Targeting Sales of £150million a Year Bought for £235million

Growing York firm targeting sales of £150million a year bought for £235million

A major finance house has agreed to buy all the shares of a York-based veterinary sales and marketing organisation for £235 million.

AIM movers: Animalcare recommends bid and ex-dividends

Animalcare (LON: ANCR) is recommending a 336p/share cash bid from Charterhouse Capital Partners, which values the animal treatments developer at £235.2m. The share price has not been at that level since early 2022. The bid values Animalcare at more than 24 times prospective 2026 earnings. Charterhouse believes it can provide the funding for Animalcare to […] The post AIM movers: Animalcare recommends bid and ex-dividends appeared first on UK Inv…

Animalcare agrees to £235m Charterhouse takeover – Northern Financial Review

York-based international animal health business Animalcare Group plc said on Thursday it has agreed to a £235.2 million cash takeover offer from London private equity firm Charterhouse Capital Partners LLP priced at £3.36 per share. The cash offer represents a premium of 36% to the closing price of £2.47 per Animalcare share on April 15. Animalcare chair Ed Torr said: “As chair, my priority is to ensure that Animalcare Shareholders have the oppo…