BCI Agrees to Buy BBGI at 147.5p Cash Per Share: M&A Snapshot

(Updates with more transaction details)

BCI’s Boswell Holdings offers 147.5 pence in cash for each BBGI share held, valuing the target at about £1.062 billion on a fully diluted basis, according to statement.

• Implies 21.1% premium on Feb. 5 closing price
• Offer price to be reduced by the value of BBGI interim dividend for July 1 to Dec. 31 2024 period
• Offer is unanimously recommended by BBGI supervisory and management boards
• RBC, PwC financial advisers to BCI
• Jefferies financial adviser and corporate broker to BBGI

To contact the reporter on this story:
Angela Cullen in Frankfurt at acullen8@bloomberg.net

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