Pages

Friday, March 17, 2017

Diamond returns to City with Panmure Gordon takeover

 President of Barclays Bob DiamondPanmure Gordon, one of London's most famous stockbrokers, has agreed a takeover in a deal involving the buyout firm founded by ex-Barclays boss, Bob Diamond.

The approach for Panmure - first reported by Sky News on Thursday - was confirmed in an announcement to the stock exchange.

It said Atlas Merchant Capital, founded by Mr Diamond, and Qatari investors intended to delist the company - take it private - on completion of the deal which values Panmure at £15.5m.

That represents a premium of almost 70% on the company's market value.

More follows...

0 comments:

Post a Comment

 
Don't Forget To Join US Our Community
×
bloggerWidget