Senior Agrees To GBP 1.28 Bln Cash Takeover By Tinicum-Blackstone Consortium
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Senior plc has agreed to a cash takeover by Blackstone and Tinicum, valuing the company at GBP 1.275 billion. Shareholders will receive 300 pence per share, including a final dividend of 2.15 pence for fiscal 2025. This offer represents a 36.6% premium over the last six months' average share price. The board supports the deal, having secured commitments from shareholders holding 17.9% of shares. The consortium aims to enhance long-term investment and growth, particularly with AeroFlow Technologies. Senior's shares are currently trading at GBP 291.00, up 0.52%.
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