British Vita plc
British Vita acquisition
Texas Pacific Group, a private equity firm proposed to acquire British Vita for £668m in cash. Texas Pacific Group proposed to pay 360p per share, while the shareholders will also receive the 6.25p final dividend.
This offer was accepted by the directors which rejected three previous offers. Initially, Texas Pacific Group offered 325p per […]
British Vita
Though full year turnover was up the weakening of margins due to higher raw material prices meant that 2004 operating profit was lower than 2003 at British Vita. Full year operating profit (before exceptionals and goodwill) was down 3.4% to £54.5m although turnover was up 2% to £959m. Volumes were good, up 3% […]
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